Gartner (NYSE:IT) Announces Earnings Results

Key Points

• Gartner reported Q3 earnings of $3.53 EPS, exceeding estimates by $0.15, while revenue reached $1.66 billion, a 5.7% increase year-over-year.
• Analyst ratings varied, with Goldman Sachs lowering its target price to $535 and Wells Fargo to $345, while the stock currently has a consensus rating of "Hold".
• Insider transactions included sales by executives, with recent trades indicating a decrease in their ownership of the stock, despite 91.51% ownership by institutional investors.

Gartner (NYSE:IT - Get Free Report) issued its quarterly earnings data on Tuesday. The information technology services provider reported $3.53 EPS for the quarter, topping the consensus estimate of $3.38 by $0.15, Zacks reports. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business posted $3.22 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Gartner updated its FY 2025 guidance to 11.750- EPS.

Gartner Stock Performance

Shares of NYSE IT traded down $95.69 during trading hours on Tuesday, reaching $241.02. The stock had a trading volume of 2,549,271 shares, compared to its average volume of 717,529. Gartner has a fifty-two week low of $231.00 and a fifty-two week high of $584.01. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 15.02 and a beta of 1.19. The firm has a 50-day moving average of $391.48 and a 200-day moving average of $435.60. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.64.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group dropped their price target on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company lowered their price objective on Gartner from $400.00 to $345.00 and set an "underweight" rating for the company in a research note on Friday, July 18th. Morgan Stanley cut their price objective on Gartner from $490.00 to $455.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. UBS Group lowered their price objective on Gartner from $500.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Finally, Barclays decreased their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $482.57.

Insider Buying and Selling at Gartner

In other news, EVP William James Wartinbee III sold 538 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total transaction of $241,610.42. Following the completion of the sale, the executive vice president owned 7,965 shares of the company's stock, valued at approximately $3,577,001.85. This represents a 6.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Akhil Jain sold 625 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $450.00, for a total transaction of $281,250.00. Following the completion of the sale, the executive vice president owned 6,548 shares of the company's stock, valued at $2,946,600. The trade was a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,426 shares of company stock valued at $2,430,327. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Gartner

An institutional investor recently bought a new position in Gartner stock. Brighton Jones LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 637 shares of the information technology services provider's stock, valued at approximately $309,000. 91.51% of the stock is owned by institutional investors and hedge funds.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.

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