Gartner, Inc. (NYSE:IT – Get Free Report)’s share price traded down 4.8% on Thursday . The company traded as low as $148.94 and last traded at $147.5420. 160,420 shares changed hands during trading, a decline of 90% from the average session volume of 1,593,156 shares. The stock had previously closed at $154.91.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Morgan Stanley decreased their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Barclays decreased their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Royal Bank Of Canada decreased their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Company decreased their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Finally, UBS Group increased their price objective on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research 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 MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $176.70.
Read Our Latest Stock Analysis on IT
Gartner Stock Down 2.9%
Gartner (NYSE:IT – Get Free Report) last posted 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. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 13.8 EPS for the current fiscal year.
Hedge Funds Weigh In On Gartner
Hedge funds have recently bought and sold shares of the company. Physician Wealth Advisors Inc. raised its holdings in Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. DV Equities LLC acquired a new position in Gartner during the fourth quarter worth $25,000. Rakuten Securities Inc. raised its holdings in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Entrust Financial LLC acquired a new position in Gartner during the fourth quarter worth $26,000. Finally, Elyxium Wealth LLC acquired a new position in Gartner during the fourth quarter worth $28,000. 91.51% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than Gartner
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.
