Gartner, Inc. (NYSE:IT – Get Free Report)’s share price traded up 4.7% during trading on Tuesday . The stock traded as high as $162.99 and last traded at $162.7360. 117,824 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,570,780 shares. The stock had previously closed at $155.43.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on IT shares. Morgan Stanley dropped their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a report on Wednesday, February 4th. Barclays reduced their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Wells Fargo & Company reduced their target price on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Finally, Royal Bank Of Canada decreased their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $176.70.
Read Our Latest Stock Analysis on IT
Gartner Stock Performance
Gartner (NYSE:IT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating the consensus estimate of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $2.98 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Gartner
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Gartner by 5.3% in the third quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after buying an additional 509,902 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Gartner by 18.3% in the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock valued at $1,136,154,000 after acquiring an additional 669,352 shares during the period. Capital International Investors boosted its stake in shares of Gartner by 28.3% in the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after purchasing an additional 884,250 shares during the period. State Street Corp boosted its holdings in Gartner by 2.8% in the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after purchasing an additional 96,809 shares during the period. Finally, Independent Franchise Partners LLP boosted its holdings in shares of Gartner by 3.5% in the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after buying an additional 112,439 shares during the period. 91.51% of the stock is currently owned by hedge funds and other 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.
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