Gartner, Inc. (NYSE:IT – Get Free Report) has received an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $173.10.
A number of analysts have recently commented on the company. Barclays cut their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. The Goldman Sachs Group set a $162.00 target price on Gartner in a research report on Tuesday, May 5th. UBS Group cut their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 15th. 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 report on Friday, July 10th.
Check Out Our Latest Stock Report on Gartner
Gartner Trading Up 5.1%
Gartner (NYSE:IT – Get Free Report) 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 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $2.98 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts expect that Gartner will post 13.61 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. J. Stern & Co. LLP boosted its position in shares of Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after acquiring an additional 1,518,333 shares during the period. Norges Bank acquired a new stake in Gartner in the 4th quarter worth about $299,576,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Gartner by 108,812.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after purchasing an additional 1,025,010 shares during the period. Capital International Investors grew its position in shares of Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after purchasing an additional 884,250 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Gartner by 51.9% during the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after purchasing an additional 646,052 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.
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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