S&P 500   5,123.41
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How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
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Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
Argentina's populist president meets billionaire Elon Musk in Texas — and a bromance is born
NYSE:IT

Gartner (IT) Stock Price, News & Analysis

$465.45
-9.27 (-1.95%)
(As of 04/12/2024 ET)
Today's Range
$462.97
$470.80
50-Day Range
$440.76
$483.11
52-Week Range
$292.60
$486.54
Volume
319,515 shs
Average Volume
293,776 shs
Market Capitalization
$36.29 billion
P/E Ratio
42.08
Dividend Yield
N/A
Price Target
$470.25

Gartner MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.0% Upside
$470.25 Price Target
Short Interest
Healthy
1.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.39mentions of Gartner in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$10.60 M Sold Last Quarter
Proj. Earnings Growth
13.20%
From $11.36 to $12.86 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.51 out of 5 stars

Business Services Sector

94th out of 312 stocks

Management Services Industry

3rd out of 5 stocks

IT stock logo

About Gartner Stock (NYSE:IT)

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. The Conferences segment offers executives and teams in an organization the opportunity to learn, share, and network. The Consulting segment offers market-leading research, custom analysis, and on-the-ground support services. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut.

IT Stock Price History

IT Stock News Headlines

Gartner, Inc. (NYSE:IT) EVP Sells $694,609.60 in Stock
Gartner (NYSE:IT) Upgraded to Buy at UBS Group
Options trading has suddenly become more reliable.
When it hits at a stunning 96% win rate... Options trading has suddenly become more reliable.
Options trading has suddenly become more reliable.
When it hits at a stunning 96% win rate... Options trading has suddenly become more reliable.
Gartner, Inc. (NYSE:IT) Short Interest Up 7.9% in March
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
4/13/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Management services
Sub-Industry
IT Consulting & Other Services
CUSIP
36665110
Employees
20,237
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$470.25
High Stock Price Target
$550.00
Low Stock Price Target
$435.00
Potential Upside/Downside
+1.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$882.47 million
Pretax Margin
19.42%

Debt

Sales & Book Value

Annual Sales
$5.90 billion
Cash Flow
$13.75 per share
Book Value
$8.69 per share

Miscellaneous

Free Float
74,927,000
Market Cap
$36.29 billion
Optionable
Optionable
Beta
1.29

Social Links

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Should I Buy Gartner Stock? IT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Gartner, Inc.:

  • Gartner, Inc. operates in the management services industry, providing IT consulting and other services, which are in high demand as companies seek to optimize their IT-related priorities such as digital transformation.
  • The company offers market-leading research, custom analysis, and support services, providing actionable solutions for IT cost optimization, digital transformation, and IT sourcing optimization, which are crucial for businesses in today's digital age.
  • Gartner's Research segment delivers research content, data, and benchmarks through a subscription service, offering investors exposure to valuable insights and expertise in various sectors.
  • Recent developments show positive institutional investor holdings and hedge fund holdings in Gartner, Inc., indicating confidence from sophisticated investors in the company's potential growth.
  • Considering the current stock price of Gartner, Inc. on the NYSE, investors may find the valuation attractive based on the company's growth prospects and industry position.

Cons

Investors should be bearish about investing in Gartner, Inc. for these reasons:

  • While Gartner operates in a high-demand industry, competition in the IT consulting and services sector is intense, which could potentially impact the company's market share and profitability.
  • The company's reliance on subscription services for revenue generation may pose a risk if there are fluctuations in subscriber numbers or if there are disruptions in the delivery of research content.
  • Market volatility and economic uncertainties could affect Gartner's consulting segment, as businesses may reduce spending on external consulting services during challenging economic conditions.
  • Investors should carefully monitor any regulatory changes or compliance requirements in the markets where Gartner operates, as these factors could impact the company's operations and financial performance.
  • While Gartner has a strong presence in various regions globally, geopolitical risks and currency fluctuations could introduce uncertainties that may affect the company's financial results and growth trajectory.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Gartner pros and cons to contact@marketbeat.com.

IT Stock Analysis - Frequently Asked Questions

Should I buy or sell Gartner stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IT shares.
View IT analyst ratings
or view top-rated stocks.

What is Gartner's stock price target for 2024?

4 brokerages have issued 12-month price objectives for Gartner's stock. Their IT share price targets range from $435.00 to $550.00. On average, they predict the company's stock price to reach $470.25 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
View analysts price targets for IT
or view top-rated stocks among Wall Street analysts.

How have IT shares performed in 2024?

Gartner's stock was trading at $451.11 on January 1st, 2024. Since then, IT stock has increased by 3.2% and is now trading at $465.45.
View the best growth stocks for 2024 here
.

Are investors shorting Gartner?

Gartner saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,060,000 shares, an increase of 7.9% from the February 29th total of 982,100 shares. Based on an average daily trading volume, of 394,900 shares, the short-interest ratio is currently 2.7 days. Approximately 1.4% of the company's shares are sold short.
View Gartner's Short Interest
.

When is Gartner's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our IT earnings forecast
.

How were Gartner's earnings last quarter?

Gartner, Inc. (NYSE:IT) released its earnings results on Tuesday, February, 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.21. The information technology services provider had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a net margin of 14.94% and a trailing twelve-month return on equity of 156.35%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.70 EPS.
Read the conference call transcript
.

How will Gartner's stock buyback program work?

Gartner announced that its board has approved a stock buyback plan on Friday, November 3rd 2023, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 1.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

What guidance has Gartner issued on next quarter's earnings?

Gartner issued an update on its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of 10.550- for the period, compared to the consensus estimate of 11.960. The company issued revenue guidance of $6.2 billion-, compared to the consensus revenue estimate of $6.3 billion.

What is Gene Hall's approval rating as Gartner's CEO?

2,199 employees have rated Gartner Chief Executive Officer Gene Hall on Glassdoor.com. Gene Hall has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Gartner own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Gartner investors own include NVIDIA (NVDA), Netflix (NFLX), Adobe (ADBE), Boeing (BA), Broadcom (AVGO), Mastercard (MA), Micron Technology (MU), Walt Disney (DIS), Intel (INTC) and Salesforce (CRM).

Who are Gartner's major shareholders?

Gartner's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Global Assets Advisory LLC (0.09%), Los Angeles Capital Management LLC (0.06%), Westwind Capital (0.06%), Gateway Investment Advisers LLC (0.03%), Laurus Investment Counsel Inc. (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Akhil Jain, Alwyn Dawkins, Anne Sutherland Fuchs, Claire Herkes, Craig Safian, Eileen Serra, Eugene A Hall, James C Smith, Joseph P Beck, Jules Kaufman, Karen E Dykstra, Kenneth Allard, Michael P Harris, Michael Patrick Diliberto, Richard J Bressler, Robin B Kranich, Scott Hensel, Valentin Sribar, William James Wartinbee III and Yvonne Genovese.
View institutional ownership trends
.

How do I buy shares of Gartner?

Shares of IT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Gartner have any subsidiaries?
The following companies are subsidiares of Gartner: 1422722 Ontario Inc., AMR Research, Burton Group, Burton Group Inc., CEB, CEB (Barbados) SRL, CEB Global Holdings Limited, CEB Global Limited, CEB Holdings UK 1 Limited, CEB Holdings UK 2 Limited, CEB Inc., CEB International Holdings Inc., CXO Acquisition Co., Capterra, Capterra Inc., Computer Financial Consultants, Computer Financial Consultants Inc., Computer Financial Consultants Limited, Datapro Information Services, Dataquest, Dataquest Inc., Evanta Ventures Inc., G.G. Properties Ltd., G2R, Gartner Advisory (Singapore) PTE LTD, Gartner Australasia PTY Limited (including branch in New Zealand), Gartner Austria GmbH, Gartner Belgium BVBA (including branch in Luxembourg), Gartner Canada Co., Gartner Consulting (Beijing) Co. LTD. (including branches in Shanghai & Shenzhen), Gartner Cyprus Ltd, Gartner Danmark ApS, Gartner Deutschland GmbH, Gartner Espana S.L. (including branch in Portugal), Gartner Europe Holdings B.V., Gartner Finland Oy, Gartner France SARL, Gartner Group (Thailand) Ltd., Gartner Group Taiwan Ltd., Gartner Gulf FZ LLC (including branch in Abu Dhabi), Gartner Holdings Cyprus Ltd, Gartner Holdings LLC, Gartner Hong Kong Limited, Gartner India Research & Advisory Services Private Limited, Gartner Investments I LLC, Gartner Investments II LLC, Gartner Ireland Limited, Gartner Israel Advisory Ltd., Gartner Italia S.r.l., Gartner Japan Ltd., Gartner LLC, Gartner Mexico S. de R.L. de C.V., Gartner Nederland B.V., Gartner Norge AS, Gartner Poland Sp. z o.o., Gartner QFC LLC, Gartner RUS LLC, Gartner Research & Advisory (Malaysia) Sdn. Bhd., Gartner Research & Advisory Korea Co. Ltd., Gartner Research Holdings Ltd., Gartner Saudi Arabia Limited, Gartner South Africa (Pty) Ltd., Gartner Sverige AB, Gartner Switzerland GmbH, Gartner Turkey Teknoloji Araştırma ve Danışmanlık Hizmetleri Limited Şirketi, Gartner U.K. Limited, Gartner do Brasil Serviços de Pesquisas Ltda., GetApp, Griggs-Anderson, IDEAS International, Infinote Corporation, Infinote India Private Limited, Interprose Inc., J3 Learning Corporation, L2, L2 Inc., Leadership Transition Institute LLC, META Group GmbH, META Group Inc., META Group Saudi, Machina Research USA, Machina Research USA Incorporated, Market-Visio, Mentis, Nubera eBusiness S.L., Nubera eBusiness S.L., Pulse Q&A Inc, Pulse Q&A Inc., Pulse Social Research Platform Inc., Real Decisions Corporation, Relational Courseware, Rendall and Associates, SCM World US, SCM World US Inc., Senexx, Senexx Israel Ltd., SircleIT, SircleIT Inc., Software Advice, Software Advice Inc., Solista Global, Sports Leadership Acquisition Co., TOPO, TOPO Research LLC, Talent Assessment Holdings Ltd., The Research Board Inc, The Research Board Inc., The Warner Group, Valtera Corporation, Vision Events International, and Wentworth Research.
Read More
This page (NYSE:IT) was last updated on 4/13/2024 by MarketBeat.com Staff

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