Gartner (NYSE:IT) Trading 4.7% Higher – Here’s Why

Gartner, Inc. (NYSE:IT) rose 4.7% on Tuesday . The stock traded as high as $162.99 and last traded at $162.7360. Approximately 117,824 shares were traded during trading, a decline of 92% from the average daily volume of 1,570,780 shares. The stock had previously closed at $155.43.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research report on Tuesday, May 5th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a research report on Wednesday, February 4th. Finally, Morgan Stanley dropped their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average price target of $176.70.

Gartner Stock Up 2.7%

The firm has a 50 day simple moving average of $154.33 and a two-hundred day simple moving average of $193.44. The company has a market capitalization of $10.60 billion, a PE ratio of 15.64, a P/E/G ratio of 0.85 and a beta of 0.91. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last issued its earnings results 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. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts expect that Gartner, Inc. will post 13.7 EPS for the current year.

Institutional Trading of Gartner

Hedge funds and other institutional investors have recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its stake in shares of Gartner by 143.9% in the fourth 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 in the last quarter. DV Equities LLC purchased a new stake in shares of Gartner in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its stake in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Gartner in the fourth quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc boosted its stake in shares of Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Hedge funds and other 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.