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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:IT

Gartner (IT) Stock Price, News & Analysis

$476.67
-4.17 (-0.87%)
(As of 03/28/2024 ET)
Today's Range
$476.02
$484.98
50-Day Range
$440.76
$483.11
52-Week Range
$292.60
$486.54
Volume
400,782 shs
Average Volume
401,762 shs
Market Capitalization
$37.17 billion
P/E Ratio
43.10
Dividend Yield
N/A
Price Target
$455.25

Gartner MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
4.5% Downside
$455.25 Price Target
Short Interest
Healthy
1.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.31mentions of Gartner in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$10.60 M Sold Last Quarter
Proj. Earnings Growth
13.20%
From $11.36 to $12.86 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.

3.31 out of 5 stars

Business Services Sector

104th out of 311 stocks

Management Services Industry

3rd 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

Gartner, Inc. (NYSE:IT) EVP Sells $694,609.60 in Stock
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Gartner, Inc. (NYSE:IT) EVP Claire Herkes Sells 1,460 Shares
Five9 Hires Leading Gartner CX Analyst Steve Blood
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
3/28/2024
Next Earnings (Estimated)
5/07/2024
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
$455.25
High Stock Price Target
$490.00
Low Stock Price Target
$435.00
Potential Upside/Downside
-5.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$882.47 million
Pretax Margin
19.42%

Debt

Sales & Book Value

Annual Sales
$5.90 billion
Cash Flow
$14.16 per share
Book Value
$8.69 per share

Miscellaneous

Free Float
74,927,000
Market Cap
$37.42 billion
Optionable
Optionable
Beta
1.29

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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, March 26, 2024 at 10:46 PM.

Pros

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

  • Gartner, Inc. operates in the management services industry, providing IT consulting and other services, which are in high demand as companies seek to optimize their IT-related priorities such as digital transformation and IT cost optimization.
  • The Research segment of Gartner delivers research content, data, and benchmarks through a subscription service, providing investors with valuable insights into market trends and opportunities.
  • Gartner's Consulting segment offers custom analysis and actionable solutions for IT-related priorities, which can lead to increased efficiency and cost savings for businesses.
  • Recent developments show positive institutional investor holdings in Gartner, indicating confidence in the company's future growth potential.
  • Considering the current stock price of Gartner, Inc., investors may find it attractively valued compared to its industry peers, presenting a potential opportunity for capital appreciation.

Cons

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

  • While Gartner operates in a high-demand industry, competition in the IT consulting and services sector is intense, which could potentially impact the company's market share and profitability.
  • The reliance on subscription-based revenue streams in the Research segment may pose a risk if there is a decline in subscriber numbers or a shift in market preferences towards alternative research sources.
  • Market volatility and economic uncertainties could affect Gartner's consulting business, as companies may reduce spending on external advisory services during challenging economic conditions.
  • Investors should carefully monitor Gartner's quarterly financial performance and guidance to assess the company's ability to adapt to changing market dynamics and sustain growth in the long term.
  • Regulatory changes or disruptions in the global business environment could impact Gartner's international operations and revenue streams, leading to potential challenges in maintaining profitability.

IT Stock Analysis - Frequently Asked Questions

Should I buy or sell Gartner stock right now?

4 Wall Street 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 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 Wall Street research analysts have issued 1-year target prices for Gartner's stock. Their IT share price targets range from $435.00 to $490.00. On average, they anticipate the company's stock price to reach $455.25 in the next twelve months. This suggests that the stock has a possible downside of 4.5%.
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 beginning of the year. Since then, IT stock has increased by 5.7% and is now trading at $476.67.
View the best growth stocks for 2024 here
.

Are investors shorting Gartner?

Gartner saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,060,000 shares, an increase of 7.9% from the February 29th total of 982,100 shares. Based on an average daily trading volume, of 394,900 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.4% of the company's stock 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, May 7th 2024.
View our IT earnings forecast
.

How were Gartner's earnings last quarter?

Gartner, Inc. (NYSE:IT) released its quarterly earnings results on Tuesday, February, 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.21. The information technology services provider earned $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. Gartner had a net margin of 14.94% and a trailing twelve-month return on equity of 156.35%. The company's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.70 EPS.
Read the conference call transcript
.

How will Gartner's stock buyback program work?

Gartner announced that its Board of Directors has authorized a share buyback program 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 purchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are typically 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, February, 6th. The company provided earnings per share guidance of 10.550- for the period, compared to the consensus EPS estimate of 11.960. 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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.44%), Vanguard Group Inc. (11.43%), Massachusetts Financial Services Co. MA (4.02%), Generation Investment Management LLP (2.62%), Wellington Management Group LLP (2.38%) and Polen Capital Management LLC (2.32%). 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.
Read More
This page (NYSE:IT) was last updated on 3/28/2024 by MarketBeat.com Staff

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