Gartner (NYSE:IT) Reaches New 12-Month Low – Should You Sell?

Shares of Gartner, Inc. (NYSE:IT) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $221.16 and last traded at $221.6880, with a volume of 1616962 shares trading hands. The stock had previously closed at $230.67.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IT shares. Truist Financial set a $300.00 target price on Gartner in a report on Wednesday, November 26th. Barclays lowered their price target on Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings downgraded shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. UBS Group upped their target price on shares of Gartner from $256.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Finally, BMO Capital Markets dropped their price target on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $309.67.

Gartner Stock Down 3.9%

The stock’s 50-day moving average price is $238.19 and its two-hundred day moving average price is $261.40. The stock has a market capitalization of $15.98 billion, a P/E ratio of 19.45 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.41 by $0.35. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 367 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president directly owned 4,074 shares in the company, valued at approximately $943,375.44. This represents a 8.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen G. Pagliuca acquired 43,300 shares of Gartner stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the purchase, the director directly owned 111,613 shares in the company, valued at $25,622,996.41. This represents a 63.38% increase in their position. The SEC filing for this purchase provides additional information. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gartner

Large investors have recently made changes to their positions in the stock. Aviva PLC increased its stake in Gartner by 6.1% in the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock worth $23,671,000 after purchasing an additional 3,390 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Gartner by 22.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,964 shares of the information technology services provider’s stock valued at $13,995,000 after buying an additional 6,352 shares during the last quarter. Highland Capital Management LLC purchased a new stake in Gartner during the 3rd quarter valued at $1,502,000. Buttonwood Financial Advisors Inc. bought a new stake in Gartner in the 3rd quarter worth $1,581,000. Finally, State of Michigan Retirement System grew its holdings in Gartner by 10.1% in the 2nd quarter. State of Michigan Retirement System now owns 22,947 shares of the information technology services provider’s stock worth $9,276,000 after acquiring an additional 2,100 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Company Profile

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.