Gartner (NYSE:IT) Trading 7.2% Higher – Still a Buy?

Gartner, Inc. (NYSE:IT)’s share price traded up 7.2% during mid-day trading on Tuesday . The company traded as high as $156.55 and last traded at $158.1110. Approximately 61,293 shares were traded during trading, a decline of 96% from the average session volume of 1,555,525 shares. The stock had previously closed at $147.45.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Wells Fargo & Company dropped their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th. Barclays cut their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Finally, Morgan Stanley decreased their price objective on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $173.10.

Gartner Stock Up 7.4%

The company has a market capitalization of $10.60 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.78 and a beta of 0.97. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The firm has a fifty day simple moving average of $144.69 and a 200-day simple moving average of $161.88.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $2.98 EPS. Gartner’s revenue for the quarter was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts expect that Gartner, Inc. will post 13.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. boosted 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 buying an additional 59 shares during the last quarter. DV Equities LLC bought a new stake in shares of Gartner in the 4th quarter valued at about $25,000. Rakuten Securities Inc. raised its holdings in shares of Gartner by 1,980.0% in the 4th 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 during the period. Entrust Financial LLC acquired a new stake in Gartner in the 4th quarter valued at about $26,000. Finally, Bell Investment Advisors Inc grew its holdings in Gartner by 75.5% during the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 74 shares during the period. 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.