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S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
'The Sacrifice Zone': Myanmar bears cost of green energy
Can Etsy Continue to Thrive After the Pandemic?
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
'The Sacrifice Zone': Myanmar bears cost of green energy
Can Etsy Continue to Thrive After the Pandemic?
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
'The Sacrifice Zone': Myanmar bears cost of green energy
Can Etsy Continue to Thrive After the Pandemic?
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
NYSE:IT

Gartner - IT Stock Forecast, Price & News

$295.72
+0.28 (+0.09%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$294.62
$300.88
50-Day Range
$224.07
$295.72
52-Week Range
$221.39
$368.99
Volume
584,549 shs
Average Volume
417,059 shs
Market Capitalization
$23.82 billion
P/E Ratio
33.34
Dividend Yield
N/A
Price Target
$321.67

Gartner MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.8% Upside
$321.67 Price Target
Short Interest
Healthy
1.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.44mentions of Gartner in the last 14 days
Based on 66 Articles This Week
Insider Trading
Selling Shares
$5.28 M Sold Last Quarter
Proj. Earnings Growth
3.85%
From $9.08 to $9.43 Per Share

Overall MarketRank

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

2.10 out of 5 stars

Business Services Sector

193rd out of 334 stocks

Management Services Industry

4th out of 7 stocks

IT stock logo

About Gartner (NYSE:IT) Stock

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.

Gartner Trading Up 0.1 %

Gartner stock traded up $0.28 during midday trading on Monday, reaching $295.72. 584,549 shares of the stock traded hands, compared to its average volume of 530,545. The company has a 50-day simple moving average of $252.14 and a two-hundred day simple moving average of $272.00. Gartner has a 12-month low of $221.39 and a 12-month high of $368.99. The firm has a market cap of $23.82 billion, a PE ratio of 33.34 and a beta of 1.45. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 20.79.

Gartner (NYSE:IT - Get Rating) last announced its earnings results on Tuesday, August 2nd. The information technology services provider reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.70. Gartner had a return on equity of 497.67% and a net margin of 14.42%. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the business posted $2.24 EPS. Gartner's revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts expect that Gartner will post 9.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on IT. Robert W. Baird raised their target price on Gartner from $334.00 to $365.00 in a research note on Wednesday, August 3rd. Wells Fargo & Company raised their price objective on Gartner from $305.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 3rd. Barclays raised their price objective on Gartner from $265.00 to $315.00 and gave the stock an "equal weight" rating in a research report on Thursday. Bank of America raised Gartner from a "neutral" rating to a "buy" rating and set a $340.00 price objective for the company in a research report on Thursday, April 14th. Finally, BMO Capital Markets cut their price objective on Gartner from $315.00 to $265.00 and set a "market perform" rating for the company in a research report on Tuesday, June 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $321.67.

Insider Activity at Gartner

In related news, EVP Alwyn Dawkins sold 500 shares of the firm's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $250.82, for a total transaction of $125,410.00. Following the completion of the transaction, the executive vice president now directly owns 45,596 shares in the company, valued at approximately $11,436,388.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Eugene A. Hall sold 10,425 shares of Gartner stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $294.26, for a total value of $3,067,660.50. Following the completion of the transaction, the chief executive officer now owns 1,167,041 shares in the company, valued at approximately $343,413,484.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alwyn Dawkins sold 500 shares of Gartner stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $250.82, for a total value of $125,410.00. Following the completion of the transaction, the executive vice president now owns 45,596 shares of the company's stock, valued at approximately $11,436,388.72. The disclosure for this sale can be found here. Insiders sold 18,266 shares of company stock worth $5,280,144 in the last three months. 3.70% of the stock is owned by company insiders.

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IT Stock News Headlines

Gartner (NYSE:IT) Price Target Raised to $345.00
10 Tech Stocks Gaining Value After Earnings
AMD Gives Lackluster Forecast as PC Slump Hurts Sales
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IT Company Calendar

Last Earnings
8/02/2022
Today
8/09/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Management services
Sub-Industry
IT Consulting & Other Services
CUSIP
36665110
Employees
16,600
Year Founded
1979

Price Target and Rating

Average Stock Price Forecast
$321.67
High Stock Price Forecast
$365.00
Low Stock Price Forecast
$265.00
Forecasted Upside/Downside
+8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$793.56 million
Pretax Margin
16.99%

Debt

Sales & Book Value

Annual Sales
$4.73 billion
Cash Flow
$12.29 per share
Book Value
$4.50 per share

Miscellaneous

Free Float
77,559,000
Market Cap
$23.82 billion
Optionable
Optionable
Beta
1.45

Social Links















IT Stock - 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 year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IT shares.
View IT analyst ratings
or view top-rated stocks.

What is Gartner's stock price forecast for 2022?

6 brokerages have issued 1 year price targets for Gartner's shares. Their IT share price forecasts range from $265.00 to $365.00. On average, they anticipate the company's stock price to reach $321.67 in the next year. This suggests a possible upside of 8.8% from the stock's current price.
View analysts price targets for IT
or view top-rated stocks among Wall Street analysts.

How has Gartner's stock price performed in 2022?

Gartner's stock was trading at $334.32 at the beginning of 2022. Since then, IT shares have decreased by 11.5% and is now trading at $295.72.
View the best growth stocks for 2022 here
.

When is Gartner's next earnings date?

Gartner is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our IT earnings forecast
.

How were Gartner's earnings last quarter?

Gartner, Inc. (NYSE:IT) issued its earnings results on Tuesday, August, 2nd. The information technology services provider reported $2.85 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.70. The information technology services provider earned $1.38 billion during the quarter, compared to the consensus estimate of $1.32 billion. Gartner had a trailing twelve-month return on equity of 497.67% and a net margin of 14.42%. The business's revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.24 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 share repurchase plan on Tuesday, May 3rd 2022, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

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

Gartner updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $8.85- for the period, compared to the consensus estimate of $8.06. The company issued revenue guidance of $5.35B-, compared to the consensus revenue estimate of $5.31 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).

What is Gartner's stock symbol?

Gartner trades on the New York Stock Exchange (NYSE) under the ticker symbol "IT."

Who are Gartner's major shareholders?

Gartner's stock is owned by many different institutional and retail investors. Top institutional shareholders include TimesSquare Capital Management LLC (0.55%), Victory Capital Management Inc. (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.32%), Robeco Institutional Asset Management B.V. (0.30%), Envestnet Asset Management Inc. (0.22%) and Jennison Associates LLC (0.22%). Insiders that own company stock include Alwyn Dawkins, Anne Sutherland Fuchs, Craig Safian, David K Mcveigh, Eileen Serra, Eugene A Hall, James C Smith, Joseph P Beck, Jules Kaufman, Karen E Dykstra, Kendall B Davis, Kenneth Allard, Michael P Harris, Michael Patrick Diliberto, Robin B Kranich, Scott Hensel 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.

What is Gartner's stock price today?

One share of IT stock can currently be purchased for approximately $295.72.

How much money does Gartner make?

Gartner (NYSE:IT) has a market capitalization of $23.82 billion and generates $4.73 billion in revenue each year. The information technology services provider earns $793.56 million in net income (profit) each year or $8.87 on an earnings per share basis.

How many employees does Gartner have?

Gartner employs 16,600 workers across the globe.

Does Gartner have any subsidiaries?

The following companies are subsidiares of Gartner: 1422722 Ontario, Burton Group, CEB, Capterra, Computer Financial Consultants, Dataquest, G.G. Properties, Gartner Advisory (Singapore) PTE LTD, Gartner Australasia PTY Limited, Gartner Austria GmbH, Gartner Belgium BVBA, Gartner Canada Co, Gartner Consulting (Beijing) Co., Gartner Denmark ApS, Gartner Deutschland, Gartner Espana, Gartner Europe Holdings, Gartner Finland Oy, Gartner France S.A.R.L., Gartner Group (Thailand) Ltd, Gartner Group Taiwan Ltd, Gartner Gulf FZ, Gartner Holdings, Gartner Holdings Ireland UC, Gartner Hong Kong, Gartner India Research & Advisory Services Private Ltd, Gartner Investments I, Gartner Israel Advisory Ltd, Gartner Italia, Gartner Japan Ltd, Gartner Mexico S. de R. L. de C.V., Gartner Nederland B.V., Gartner Norge A.S., Gartner RUS LLC, Gartner Saudi Arabia Ltd, Gartner South Africa (Pty) Ltd, Gartner Sverige AB, Gartner Switzerland GmbH, Gartner U.K. Limited, Gartner do Brasil Servicos de Pesquisas LTDA, GetApp, Ideas International Pty Limited, L2, META Group GmbH, META Saudi Arabia, Machina Research Limited, Machina Research USA, Market-Visio, Newco 5CL Limited, Nubera eBusiness S.L., Rapture World Limited, SCM World US, Senexx, SircleIT, and Software Advice.
Read More

When was Gartner founded?

Gartner was founded in 1979.

How can I contact Gartner?

Gartner's mailing address is 56 TOP GALLANT RD P O BOX 10212, STAMFORD CT, 06904. The official website for the company is www.gartner.com. The information technology services provider can be reached via phone at (203) 964-0096, via email at investor.relations@gartner.com, or via fax at 203-316-6488.

This page (NYSE:IT) was last updated on 8/9/2022 by MarketBeat.com Staff

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