Gartner (NYSE:IT) Reaches New 12-Month Low – What’s Next?

Gartner, Inc. (NYSE:IT)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $124.25 and last traded at $125.76, with a volume of 1624595 shares trading hands. The stock had previously closed at $127.49.

Analyst Ratings Changes

Several research analysts have recently commented on IT shares. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Morgan Stanley reduced their price target 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. The Goldman Sachs Group set a $162.00 price target on Gartner in a research note on Tuesday, May 5th. Barclays lowered 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. Finally, UBS Group dropped their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $174.10.

Gartner Trading Up 1.2%

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 company has a market capitalization of $8.75 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.71 and a beta of 0.94. The stock’s fifty day moving average price is $151.95 and its two-hundred day moving average price is $179.40.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $2.98 EPS. Gartner’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 anticipate that Gartner, Inc. will post 13.65 earnings per share for the current year.

Hedge Funds Weigh In On Gartner

A number of hedge funds and other institutional investors have recently made changes to their positions in IT. Bamco Inc. NY increased its position in Gartner by 18.3% during 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 purchasing an additional 669,352 shares during the period. Capital International Investors lifted its position in shares of Gartner by 28.3% in 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 during the period. State Street Corp boosted its stake in shares of Gartner by 2.8% during the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after purchasing an additional 96,809 shares in the last quarter. Independent Franchise Partners LLP boosted its stake in shares of Gartner by 3.5% during 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 purchasing an additional 112,439 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Gartner by 5.8% during the fourth quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock valued at $629,585,000 after buying an additional 136,233 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.