Gartner (NYSE:IT) Issues FY 2025 Earnings Guidance

Key Points

• Gartner has updated its FY 2025 earnings guidance, forecasting earnings per share of $11.75 and revenue of $6.5 billion.
• Several analysts have downgraded their price targets for Gartner, with Morgan Stanley lowering it from $490 to $455, while the consensus target price now stands at $482.57.
• Shares of Gartner traded down to $241.82 with significant trading volume, reflecting a market capitalization of $18.61 billion.

Gartner (NYSE:IT - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 11.750- for the period. The company issued revenue guidance of $6.5 billion-.

Gartner Stock Performance

Shares of NYSE IT traded down $12.06 during trading on Thursday, hitting $231.65. The company had a trading volume of 1,419,506 shares, compared to its average volume of 748,626. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day simple moving average of $383.65 and a 200 day simple moving average of $432.96. Gartner has a 12 month low of $231.00 and a 12 month high of $584.01. The firm has a market capitalization of $17.83 billion, a P/E ratio of 14.26 and a beta of 1.19.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.15. Gartner had a return on equity of 86.19% and a net margin of 19.71%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $3.22 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts anticipate that Gartner will post 12.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

IT has been the subject of several recent research reports. BMO Capital Markets reduced their target price on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a report on Wednesday. Barclays reduced their target price on Gartner from $475.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday. UBS Group reiterated a "neutral" rating and issued a $270.00 price objective (down from $480.00) on shares of Gartner in a research note on Wednesday. Morgan Stanley lowered their price objective on Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company cut their target price on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Gartner presently has an average rating of "Hold" and an average target price of $369.25.

Insider Activity at Gartner

In other Gartner news, EVP William James Wartinbee III sold 538 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total value of $241,610.42. Following the completion of the sale, the executive vice president owned 7,965 shares in the company, valued at approximately $3,577,001.85. This trade represents a 6.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value of $281,250.00. Following the completion of the transaction, the executive vice president owned 6,548 shares in the company, valued at $2,946,600. This represents a 8.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,578 shares of company stock valued at $2,060,191. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

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

Gartner Company Profile

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.