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MU   74.90 (+1.70%)
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GE   120.56 (+0.90%)
DIS   92.54 (+0.21%)
AMC   6.91 (+1.32%)
PFE   28.72 (+0.31%)
PYPL   58.91 (+0.74%)
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Gartner Stock Price, News & Analysis (NYSE:IT)

$450.17
+4.17 (+0.93%)
(As of 01:46 PM ET)
Compare
Today's Range
$443.95
$450.37
50-Day Range
$325.76
$446.00
52-Week Range
$292.60
$450.37
Volume
175,694 shs
Average Volume
476,347 shs
Market Capitalization
$35.09 billion
P/E Ratio
38.71
Dividend Yield
N/A
Price Target
$366.50

Gartner MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
18.1% Downside
$366.50 Price Target
Short Interest
Healthy
2.42% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.52mentions of Gartner in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$32.16 M Sold Last Quarter
Proj. Earnings Growth
9.22%
From $11.06 to $12.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Business Services Sector

156th out of 253 stocks

Management Services Industry

3rd out of 3 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 business professionals in an organization the opportunity to learn, share, and network. The Consulting segment offers market 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

Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Is It Too Late to Buy UiPath Stock?
See More Headlines
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Company Calendar

Last Earnings
11/03/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/06/2024

Industry, Sector and Symbol

Industry
Management services
Sub-Industry
IT Consulting & Other Services
CUSIP
36665110
Employees
19,500
Year Founded
1979

Price Target and Rating

Average Stock Price Target
$366.50
High Stock Price Target
$380.00
Low Stock Price Target
$346.00
Potential Upside/Downside
-17.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$807.80 million
Pretax Margin
20.15%

Debt

Sales & Book Value

Annual Sales
$5.83 billion
Cash Flow
$14.18 per share
Book Value
$2.88 per share

Miscellaneous

Free Float
74,909,000
Market Cap
$34.77 billion
Optionable
Optionable
Beta
1.32

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Should I Buy Gartner Stock? IT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Gartner was last updated on Tuesday, November 28, 2023 at 11:43 AM.

Pros

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

  • Gartner has an average rating of "Hold" and an average price target of $363.20, indicating potential for growth in the stock price.
  • Institutional investors and hedge funds own 90.28% of the company's stock, suggesting confidence in Gartner's future performance.
  • Allianz Asset Management GmbH lifted its holdings in Gartner by 25.2% in the 1st quarter, indicating increased interest from a major asset management firm.
  • Vanguard Group Inc. boosted its position in Gartner by 1.1% during the 1st quarter, further demonstrating confidence in the company's prospects.
  • Gartner provides information technology services, a sector that has seen significant growth in recent years, offering potential for long-term profitability.

Cons

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

  • Gartner's executive vice president, Michael Patrick Diliberto, sold a significant number of shares, which may indicate a lack of confidence in the company's future performance.
  • Director James C. Smith also sold a large number of shares, potentially signaling concerns about Gartner's prospects.
  • The current stock price of Gartner is not provided in the given context, making it difficult to assess the current valuation of the company.
  • There is no information on recent financial performance or any specific developments that could impact Gartner's future prospects.
  • Investors should carefully consider their investment strategy and conduct further research before making any investment decisions regarding Gartner, Inc.














IT Stock Analysis - Frequently Asked Questions

Should I buy or sell Gartner stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IT, but not buy additional shares or sell existing shares.
View IT analyst ratings
or view top-rated stocks.

What is Gartner's stock price target for 2024?

4 analysts have issued 1 year price targets for Gartner's stock. Their IT share price targets range from $346.00 to $380.00. On average, they anticipate the company's stock price to reach $366.50 in the next twelve months. This suggests that the stock has a possible downside of 18.1%.
View analysts price targets for IT
or view top-rated stocks among Wall Street analysts.

How have IT shares performed in 2023?

Gartner's stock was trading at $336.14 on January 1st, 2023. Since then, IT shares have increased by 33.1% and is now trading at $447.44.
View the best growth stocks for 2023 here
.

Are investors shorting Gartner?

Gartner saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 1,790,000 shares, an increase of 33.6% from the October 15th total of 1,340,000 shares. Based on an average daily trading volume, of 473,200 shares, the short-interest ratio is currently 3.8 days. Approximately 2.4% of the company's shares are short sold.
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, February 6th 2024.
View our IT earnings forecast
.

How were Gartner's earnings last quarter?

Gartner, Inc. (NYSE:IT) announced its quarterly earnings results on Friday, November, 3rd. The information technology services provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.60. The information technology services provider earned $1.41 billion during the quarter, compared to analysts' expectations of $1.39 billion. Gartner had a trailing twelve-month return on equity of 206.71% and a net margin of 15.97%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 earnings per share.
Read the conference call transcript
.

How will Gartner's stock buyback program work?

Gartner declared that its Board of Directors has authorized a stock repurchase plan on Friday, November 3rd 2023, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase 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 updated its FY23 earnings guidance on Friday, November, 3rd. The company provided earnings per share guidance of at least $10.90 for the period, compared to the consensus EPS estimate of $10.29. The company issued revenue guidance of at least $5.89 billion, compared to the consensus revenue estimate of $5.88 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 many different institutional and retail investors. Top institutional shareholders include Bamco Inc. NY (5.97%), Massachusetts Financial Services Co. MA (4.23%), FMR LLC (3.71%), Morgan Stanley (2.77%), Polen Capital Management LLC (2.46%) and Wellington Management Group LLP (2.12%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/8/2023 by MarketBeat.com Staff

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