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

Shares of Gartner, Inc. (NYSE:IT) reached a new 52-week low 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 equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada cut their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. UBS Group decreased their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Finally, The Goldman Sachs Group set a $162.00 target price on Gartner in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $176.10.

Gartner Trading Down 1.4%

The stock’s fifty day moving average price is $152.71 and its 200 day moving average price 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. The stock has a market capitalization of $8.42 billion, a P/E ratio of 12.43, a PEG ratio of 0.70 and a beta of 0.94.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts forecast that Gartner, Inc. will post 13.65 earnings per share for the current year.

Institutional Trading of Gartner

Large investors have recently modified their holdings of the company. Physician Wealth Advisors Inc. grew its stake in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Gartner in the 4th quarter worth $25,000. Rakuten Securities Inc. lifted its holdings in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC bought a new position in shares of Gartner during the 4th quarter worth $26,000. Finally, Bell Investment Advisors Inc increased its stake in shares of Gartner by 75.5% during 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 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.