S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
S&P 500   4,228.48
DOW   33,706.74
QQQ   322.86
Apple’s Stock Could Be On The Verge Of Another 30% Rally
The ONLY Way to Play Markets Like These (Ad)pixel
2 Russian villages evacuated after fire at munitions depot
Near-Term Headwinds Present An Opportunity In Ross Stores
The Safest Option in Trades! (Ad)pixel
Global markets lower after Wall Street gains on jobs data
Stocks fall broadly, S&P 500 set to break winning streak
The Safest Option in Trades! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Yangtze shrinks as China's drought disrupts industry
NYSE:IT

Gartner - IT Stock Forecast, Price & News

$307.98
-7.01 (-2.23%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$307.44
$312.43
50-Day Range
$224.07
$315.79
52-Week Range
$221.39
$368.99
Volume
355,296 shs
Average Volume
526,203 shs
Market Capitalization
$24.36 billion
P/E Ratio
34.72
Dividend Yield
N/A
Price Target
$321.67

Gartner MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.4% Upside
$321.67 Price Target
Short Interest
Healthy
1.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.23mentions of Gartner in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$7.33 M Sold Last Quarter
Proj. Earnings Growth
3.41%
From $9.08 to $9.39 Per Share

Overall MarketRank

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

2.17 out of 5 stars

Business Services Sector

172nd out of 340 stocks

Management Services Industry

5th 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.

Analyst Ratings Changes

IT has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Gartner from $274.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 3rd. TheStreet upgraded shares of Gartner from a "c+" rating to a "b-" rating in a research report on Wednesday. Barclays lifted their target price on shares of Gartner from $265.00 to $315.00 and gave the company an "equal weight" rating in a research report on Thursday, August 4th. Wells Fargo & Company lifted their price target on shares of Gartner from $305.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 3rd. Finally, BMO Capital Markets decreased their price target on shares of Gartner from $315.00 to $265.00 and set a "market perform" rating on the stock in a research note on Tuesday, June 21st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gartner currently has an average rating of "Moderate Buy" and an average price target of $321.67.

Gartner Stock Down 1.5 %

Gartner stock traded down $4.82 during mid-day trading on Friday, reaching $310.17. The stock had a trading volume of 1,934 shares, compared to its average volume of 479,702. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.11 and a beta of 1.45. The company has a 50-day moving average price of $259.15 and a two-hundred day moving average price of $273.49. Gartner has a one year low of $221.39 and a one year high of $368.99. The company has a debt-to-equity ratio of 20.79, a current ratio of 0.62 and a quick ratio of 0.62.

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

Insiders Place Their Bets

In other Gartner news, EVP Alwyn Dawkins sold 500 shares of the business's stock in a transaction dated Monday, May 23rd. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In other Gartner news, EVP Alwyn Dawkins sold 500 shares of the business's stock in a transaction dated Monday, May 23rd. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robin B. Kranich sold 1,321 shares of the business's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $256.95, for a total value of $339,430.95. Following the completion of the transaction, the executive vice president now directly owns 9,717 shares of the company's stock, valued at approximately $2,496,783.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,040 shares of company stock valued at $7,330,637. 3.70% of the stock is owned by insiders.

Receive IT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Gartner and its competitors with MarketBeat's FREE daily newsletter.

IT Stock News Headlines

Gartner (NYSE:IT) Upgraded to B- by TheStreet
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Gartner, Inc. (NYSE:IT) CFO Craig Safian Sells 5,577 Shares
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Gartner, Inc. (NYSE:IT) EVP Sells $359,100.00 in Stock
See More Headlines
Receive IT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Gartner and its competitors with MarketBeat's FREE daily newsletter.

IT Company Calendar

Last Earnings
8/02/2022
Today
8/19/2022
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
+4.4%
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
$12.04 per share
Book Value
($1.81) per share

Miscellaneous

Free Float
76,168,000
Market Cap
$24.36 billion
Optionable
Optionable
Beta
1.45

Social Links


Key Executives

  • Mr. Eugene A. HallMr. Eugene A. Hall (Age 65)
    CEO & Director
    Comp: $3.29M
  • Mr. Craig W. SafianMr. Craig W. Safian (Age 53)
    Exec. VP & CFO
    Comp: $1.74M
  • Mr. Jules P. Kaufman Esq.Mr. Jules P. Kaufman Esq. (Age 64)
    Exec. VP, Chief Compliance Officer, Gen. Counsel & Corp. Sec.
    Comp: $1.44M
  • Mr. Alwyn  DawkinsMr. Alwyn Dawkins (Age 56)
    Exec. VP of Global Bus. Sales
    Comp: $1.44M
  • Ms. Robin B. KranichMs. Robin B. Kranich (Age 51)
    Exec. VP & Chief HR Officer
    Comp: $1.44M
  • Mr. Peter Genovese
    Sr. Director of Sales Strategy & Operations
  • Mr. Michael P. Fox Diliberto (Age 56)
    Exec. VP & Chief Information Officer
  • Mr. David Cohen
    Group VP of Investor Relations
  • Mr. Kenneth  AllardMr. Kenneth Allard (Age 51)
    Exec. VP & Chief Marketing Officer
  • Mr. Joseph Beck (Age 61)
    Exec. VP of Global Technology Sales













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 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 "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 12 month price objectives for Gartner's stock. Their IT share price forecasts range from $265.00 to $365.00. On average, they predict the company's share price to reach $321.67 in the next year. This suggests a possible upside of 4.4% 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 2022?

Gartner's stock was trading at $334.32 at the start of the year. Since then, IT shares have decreased by 7.9% and is now trading at $307.98.
View the best growth stocks for 2022 here
.

When is Gartner's next earnings date?

The company 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) announced its earnings results on Tuesday, August, 2nd. The information technology services provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 14.42% and a trailing twelve-month return on equity of 497.67%. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.24 EPS.
Read the conference call transcript
.

How will Gartner's stock buyback program work?

Gartner announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 3rd 2022, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 2.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

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

Gartner issued an update on 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 earnings per share 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 a number of retail and institutional investors. Top institutional shareholders include State Street Corp (3.87%), FMR LLC (2.99%), Goldman Sachs Group Inc. (1.59%), Principal Financial Group Inc. (1.43%), Northern Trust Corp (1.25%) and Millennium Management LLC (1.20%). 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 $307.98.

How much money does Gartner make?

Gartner (NYSE:IT) has a market capitalization of $24.36 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?

The company 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 8/20/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.