Gartner (NYSE:IT) Shares Down 9.6% – Time to Sell?

Gartner, Inc. (NYSE:IT)’s stock price traded down 9.6% during trading on Thursday . The stock traded as low as $151.22 and last traded at $149.6820. Approximately 245,098 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,554,965 shares. The stock had previously closed at $165.65.

Analyst Ratings Changes

IT has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Barclays decreased 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. Wells Fargo & Company cut their price objective on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday, June 24th. Morgan Stanley decreased their target price on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Finally, Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. Two equities research 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.com, Gartner currently has a consensus rating of “Hold” and an average target price of $173.10.

Gartner Trading Down 9.1%

The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $10.08 billion, a PE ratio of 14.89, a PEG ratio of 0.86 and a beta of 0.97. The stock has a fifty day moving average of $144.89 and a 200 day moving average of $160.68.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The business 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 company’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Institutional Trading of Gartner

A number of institutional investors and hedge funds have recently bought and sold shares of IT. J. Stern & Co. LLP increased its holdings in shares of Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after purchasing an additional 1,518,333 shares during the last quarter. Norges Bank bought a new position in Gartner during the fourth quarter valued at approximately $299,576,000. Northwestern Mutual Wealth Management Co. grew its holdings in Gartner by 108,812.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after buying an additional 1,025,010 shares in the last quarter. Capital International Investors increased its stake in Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Gartner by 51.9% in the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after acquiring an additional 646,052 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

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.