Gartner (NYSE:IT) Trading 7.2% Higher – Here’s What Happened

Shares of Gartner, Inc. (NYSE:IT) were up 7.2% on Tuesday . The company traded as high as $156.55 and last traded at $158.1110. Approximately 61,293 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 1,555,525 shares. The stock had previously closed at $147.45.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Barclays reduced their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. The Goldman Sachs Group set a $162.00 target price on Gartner in a report on Tuesday, May 5th. UBS Group lowered their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Finally, Wells Fargo & Company cut their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus price target of $173.10.

Gartner Price Performance

The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The company’s 50 day moving average is $144.89 and its 200 day moving average is $160.68.

Gartner (NYSE:IT) 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. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts anticipate that Gartner, Inc. will post 13.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Gartner

Institutional investors have recently modified their holdings of the company. Moran Wealth Management LLC purchased a new position in shares of Gartner in the fourth quarter valued at $3,516,000. CWM LLC lifted its stake in Gartner by 86.4% in the 4th quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after buying an additional 26,734 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Gartner by 111.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after acquiring an additional 13,493 shares in the last quarter. Laurus Global Equity Management Inc. grew its stake in Gartner by 135.0% in the 4th quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider’s stock worth $8,643,000 after acquiring an additional 19,680 shares during the period. Finally, Douglas Lane & Associates LLC lifted its position in Gartner by 67.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 200,418 shares of the information technology services provider’s stock worth $50,561,000 after buying an additional 80,591 shares during the period. 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.