NYSE:ITGartner Stock Price, Forecast & News

Gartner's stock was trading at $107.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, IT shares have increased by 9.7% and is now trading at $117.61. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Gartner.

Gartner is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Gartner.

Gartner Inc (NYSE:IT) released its quarterly earnings results on Thursday, May, 7th. The information technology services provider reported $1.20 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.88. The information technology services provider had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Gartner had a net margin of 6.70% and a return on equity of 44.23%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. View Gartner's earnings history.

Gartner updated its FY20 earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of $3.00 for the period, compared to the Thomson Reuters consensus estimate of $2.99. The company issued revenue guidance of $3.81 billion, compared to the consensus revenue estimate of $4.24 billion.

5 brokers have issued 1 year target prices for Gartner's stock. Their forecasts range from $90.00 to $178.00. On average, they expect Gartner's stock price to reach $126.60 in the next year. This suggests a possible upside of 7.6% from the stock's current price. View analysts' price targets for Gartner.

Media stories about IT stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gartner earned a daily sentiment score of -4.5 on InfoTrie's scale. They also gave media stories about the information technology services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutGartner.

Gartner saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,560,000 shares, a decline of 7.1% from the April 30th total of 1,680,000 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is presently 1.5 days. Approximately 1.8% of the shares of the company are short sold. View Gartner's Current Options Chain.

Some companies that are related to Gartner include Accenture (ACN), IBM (IBM), Cognizant Technology Solutions (CTSH), Leidos (LDOS), EPAM Systems (EPAM), Booz Allen Hamilton (BAH), Amdocs (DOX), Caci International (CACI), Mantech International (MANT), Teradata (TDC), Virtusa (VRTU), Unisys (UIS), Forrester Research (FORR), The Hackett Group (HCKT) and Servicesource International (SREV). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gartner investors own include NVIDIA (NVDA), Adobe (ADBE), Netflix (NFLX), Boeing (BA), Intel (INTC), Broadcom (AVGO), Micron Technology (MU), Vertex Pharmaceuticals (VRTX), Mastercard (MA) and Verizon Communications (VZ).

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

Gartner's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.84%), Polen Capital Management LLC (6.33%), Principal Financial Group Inc. (4.05%), State Street Corp (4.00%), Atlanta Capital Management Co. L L C (2.84%) and Geode Capital Management LLC (1.51%). Company insiders that own Gartner stock include Alwyn Dawkins, Anne Sutherland Fuchs, Craig Safian, David K Mcveigh, Eugene A Hall, Joseph P Beck, Karen E Dykstra, Kendall B Davis, Michael Patrick Diliberto, Mr Thomas Christopher, Robin B Kranich and Scott Hensel. View institutional ownership trends for Gartner.

IT stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Morgan Stanley, BlackRock Inc., Wellington Management Group LLP, GW&K Investment Management LLC, FDx Advisors Inc., APG Asset Management N.V., and Citigroup Inc.. Company insiders that have sold Gartner company stock in the last year include Alwyn Dawkins, Anne Sutherland Fuchs, Craig Safian, David K Mcveigh, Eugene A Hall, Joseph P Beck, Karen E Dykstra, Kendall B Davis, Robin B Kranich, and Scott Hensel. View insider buying and selling activity for Gartner.

IT stock was bought by a variety of institutional investors in the last quarter, including Melvin Capital Management LP, Atlanta Capital Management Co. L L C, New York State Common Retirement Fund, Polen Capital Management LLC, Mackenzie Financial Corp, Sumitomo Mitsui Trust Holdings Inc., TimesSquare Capital Management LLC, and Anchor Capital Advisors LLC. View insider buying and selling activity for Gartner.

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

One share of IT stock can currently be purchased for approximately $117.61.

Gartner has a market capitalization of $10.49 billion and generates $4.25 billion in revenue each year. The information technology services provider earns $233.29 million in net income (profit) each year or $3.90 on an earnings per share basis. Gartner employs 16,724 workers across the globe.

The official website for Gartner is www.gartner.com.

Gartner's mailing address is 56 TOP GALLANT RD P O BOX 10212, STAMFORD CT, 06904. The information technology services provider can be reached via phone at 203-316-1111 or via email at investor.r[email protected]