Gartner (NYSE:IT) Issues Earnings Results

Gartner (NYSE:IT - Get Free Report) posted its quarterly earnings data on Tuesday. The information technology services provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.26, Zacks reports. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the company posted $2.93 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. Gartner updated its FY 2025 guidance to 11.700- EPS.

Gartner Trading Up 2.2 %

NYSE:IT traded up $9.40 during trading hours on Tuesday, hitting $436.38. The stock had a trading volume of 335,660 shares, compared to its average volume of 448,466. The business's 50 day moving average is $428.42 and its 200-day moving average is $484.35. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $33.52 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 3.30 and a beta of 1.24. Gartner has a one year low of $366.05 and a one year high of $584.01.

Analyst Ratings Changes

Several research firms recently weighed in on IT. Barclays dropped their price objective on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Robert W. Baird lowered their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company cut their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Gartner currently has an average rating of "Hold" and a consensus target price of $513.50.

Insider Activity

In other news, SVP John J. Rinello sold 90 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

Institutional Trading of Gartner

A hedge fund recently bought a new stake in Gartner stock. Brighton Jones LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 637 shares of the information technology services provider's stock, valued at approximately $309,000. 91.51% of the stock is currently 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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