Gartner (NYSE:IT) Sets New 1-Year Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

IT has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Royal Bank Of Canada decreased their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. UBS Group cut their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Finally, The Goldman Sachs Group set a $162.00 target price on Gartner in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $176.10.

Gartner Price Performance

The company has a market cap of $8.42 billion, a P/E ratio of 12.43, a PEG ratio of 0.70 and a beta of 0.94. The firm’s 50-day moving average is $152.71 and its two-hundred day moving average is $180.84. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

Gartner (NYSE:IT) last released its quarterly earnings data 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. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $2.98 earnings per share. Gartner’s quarterly revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts anticipate that Gartner, Inc. will post 13.65 earnings per share for the current year.

Institutional Investors Weigh In On Gartner

Several large investors have recently added to or reduced their stakes in the stock. Cresset Asset Management LLC lifted its stake in shares of Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after purchasing an additional 47 shares during the last quarter. Horizon Investments LLC increased its position in shares of Gartner by 4.3% during the 4th quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after purchasing an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Gartner by 5.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 56 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in Gartner by 143.9% during the 4th 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 during the period. Finally, Valeo Financial Advisors LLC lifted its position in Gartner by 8.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock worth $212,000 after buying an additional 68 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

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.