Gartner, Inc. (NYSE:IT) Given Average Recommendation of “Hold” by Brokerages

Shares of Gartner, Inc. (NYSE:IT) have earned an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $190.70.

IT has been the subject of a number of recent analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on Gartner in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 target price on Gartner in a research report on Wednesday, February 4th. The Goldman Sachs Group reissued a “buy” rating and set a $220.00 target price on shares of Gartner in a research note on Thursday, February 5th. Finally, Wells Fargo & Company cut their price target on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th.

Hedge Funds Weigh In On Gartner

Hedge funds have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. raised its stake in shares of Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. DV Equities LLC bought a new position in Gartner in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. increased its holdings in Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares during the period. Entrust Financial LLC bought a new stake in Gartner during the 4th quarter valued at $26,000. Finally, Elyxium Wealth LLC bought a new stake in Gartner during the 4th quarter valued at $28,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Gartner stock opened at $160.26 on Tuesday. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $11.29 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. Gartner has a 1-year low of $139.18 and a 1-year high of $464.87. The company’s 50-day moving average is $188.01 and its 200 day moving average is $223.97.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts forecast that Gartner will post 12.5 EPS for the current year.

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.