Gartner (NYSE:IT) Reaches New 1-Year Low – What’s Next?

Gartner, Inc. (NYSE:IT) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $137.52 and last traded at $141.0530, with a volume of 63030 shares trading hands. The stock had previously closed at $142.24.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IT shares. Morgan Stanley dropped their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price target on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Barclays cut their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Finally, Royal Bank Of Canada cut their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Gartner currently has an average rating of “Hold” and a consensus target price of $176.10.

Gartner Stock Down 1.4%

The stock has a market capitalization of $9.39 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 0.78 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a fifty day moving average price of $154.46 and a 200 day moving average price of $183.71.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm posted $2.98 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, research analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current year.

Institutional Investors Weigh In On Gartner

Several large investors have recently added to or reduced their stakes in IT. Physician Wealth Advisors Inc. raised its holdings in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. DV Equities LLC bought a new position in shares of Gartner in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. raised its stake in Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC bought a new stake in Gartner during the fourth quarter valued at approximately $26,000. Finally, Elyxium Wealth LLC purchased a new stake in Gartner during the fourth quarter valued at about $28,000. Institutional investors own 91.51% of the company’s stock.

About Gartner

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.