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NYSE:IT

Gartner (IT) Stock Price, News & Analysis

$445.69
-6.24 (-1.38%)
(As of 05/23/2024 ET)
Today's Range
$442.79
$453.85
50-Day Range
$412.59
$483.11
52-Week Range
$323.61
$486.54
Volume
337,171 shs
Average Volume
459,116 shs
Market Capitalization
$34.60 billion
P/E Ratio
44.35
Dividend Yield
N/A
Price Target
$474.50

Gartner MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.5% Upside
$474.50 Price Target
Short Interest
Healthy
1.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.50mentions of Gartner in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$12.78 M Sold Last Quarter
Proj. Earnings Growth
11.00%
From $11.55 to $12.82 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.

3.53 out of 5 stars

Business Services Sector

101st out of 299 stocks

Management Services Industry

4th 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

OpenAI launches GPTo, improving ChatGPT's text, visual and audio capabilities
OpenAI has introduced a new artificial intelligence model
Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Everyone appreciates a good deal, whether it's when buying goods or buying stocks. When it comes to the latter, one of the more popular tools for identifying potential bargains on the stock market is the Relative Strength Index (RSI).
Bargain Alert: 3 Large Caps With Extremely Oversold RSIs (IT)
If the broader market can manage to turn north in the coming weeks, then we could be looking at some outsized gain potential with these 3 beaten down stocks.
Gartner (NYSE:IT) Raised to Buy at StockNews.com
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
5/23/2024
Next Earnings (Estimated)
8/06/2024
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
$474.50
High Stock Price Target
$517.00
Low Stock Price Target
$432.00
Potential Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$882.47 million
Pretax Margin
17.17%

Debt

Sales & Book Value

Annual Sales
$5.90 billion
Cash Flow
$13.91 per share
Book Value
$9.25 per share

Miscellaneous

Free Float
74,835,000
Market Cap
$34.60 billion
Optionable
Optionable
Beta
1.32

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IT Stock Analysis - Frequently Asked Questions

Should I buy or sell Gartner stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

6 brokerages have issued 12 month price objectives for Gartner's shares. Their IT share price targets range from $432.00 to $517.00. On average, they predict the company's share price to reach $474.50 in the next twelve months. This suggests a possible upside of 6.5% 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 at the start of the year. Since then, IT stock has decreased by 1.2% and is now trading at $445.69.
View the best growth stocks for 2024 here
.

Are investors shorting Gartner?

Gartner saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,110,000 shares, an increase of 7.8% from the April 15th total of 1,030,000 shares. Based on an average daily trading volume, of 415,100 shares, the short-interest ratio is currently 2.7 days. Approximately 1.5% 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, August 6th 2024.
View our IT earnings forecast
.

How were Gartner's earnings last quarter?

Gartner, Inc. (NYSE:IT) released its quarterly earnings data on Tuesday, April, 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.40. The information technology services provider had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Gartner had a trailing twelve-month return on equity of 141.55% and a net margin of 13.35%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.88 earnings per share.
Read the conference call transcript
.

How will Gartner's stock buyback program work?

Gartner announced that its board has authorized a share repurchase program on Friday, November 3rd 2023, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

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

Gartner updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of 10.900- for the period, compared to the consensus EPS estimate of 11.380. 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.51%), Bamco Inc. NY (5.48%), Principal Financial Group Inc. (1.99%), Findlay Park Partners LLP (0.87%), Bessemer Group Inc. (0.78%) and Bank of New York Mellon Corp (0.68%). 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.
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This page (NYSE:IT) was last updated on 5/24/2024 by MarketBeat.com Staff

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