Gartner (NYSE:IT) Issues FY 2025 Earnings Guidance

Gartner (NYSE:IT - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 11.700- for the period, compared to the consensus estimate of 12.160. The company issued revenue guidance of $6.5 billion-, compared to the consensus revenue estimate of $6.6 billion.

Gartner Trading Down 1.2 %

NYSE:IT traded down $5.31 during trading hours on Friday, reaching $432.12. 415,520 shares of the stock were exchanged, compared to its average volume of 453,229. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $33.19 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 3.30 and a beta of 1.24. The business has a 50-day moving average of $423.97 and a two-hundred day moving average of $482.39. Gartner has a twelve month low of $366.05 and a twelve month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.72 by $0.26. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.93 earnings per share. On average, equities analysts predict that Gartner will post 12.5 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on IT shares. Robert W. Baird decreased their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. UBS Group increased their target price on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Finally, Barclays decreased their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $518.67.

Insider Transactions at Gartner

In other news, EVP Robin B. Kranich sold 739 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total transaction of $322,573.50. Following the completion of the transaction, the executive vice president now directly owns 20,464 shares of the company's stock, valued at approximately $8,932,536. This represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 90 shares of Gartner 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 sale, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,138 shares of company stock worth $1,005,606 over the last 90 days. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gartner

A hedge fund recently bought a new stake in Gartner stock. Brighton Jones LLC bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 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.