Gartner (IT) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last twelve months. There are currently 3 hold ratings and 2 buy ratings 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.
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5 analysts have issued 1-year price targets for Gartner's shares. Their IT share price targets range from $435.00 to $550.00. On average, they anticipate the company's share price to reach $477.60 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
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Gartner's stock was trading at $451.11 at the beginning of 2024. Since then, IT stock has increased by 1.5% and is now trading at $457.85.
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Gartner saw a increase in short interest in 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 presently 2.7 days. Approximately 1.4% of the company's stock are short sold.
View Gartner's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our IT earnings forecast.

Gartner, Inc. (NYSE:IT) released its quarterly earnings data on Tuesday, February, 6th. The information technology services provider reported $3.04 EPS for the quarter, beating 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 for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 earnings per share.
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ETFs with the largest weight of Gartner (NYSE:IT) stock in their portfolio include Invesco Focused Discovery Growth ETF (IVDG), BTD Capital Fund (DIP), Nuveen ESG Mid-Cap Growth ETF (NUMG), Invesco Dorsey Wright Technology Momentum ETF (PTF), Franklin Exponential Data ETF (XDAT), Argent Mid Cap ETF (AMID), ASYMshares ASYMmetric S&P 500 ETF (ASPY) and SRH U.S. Quality ETF (SRHQ).

Gartner declared that its Board of Directors has authorized a stock buyback plan on Friday, November 3rd 2023, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Gartner issued an update on its FY 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS 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.

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.

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).

Gartner's stock is owned by many different retail and institutional investors. Top institutional investors include Artemis Investment Management LLP (0.20%), Global Assets Advisory LLC (0.09%), Los Angeles Capital Management LLC (0.06%), Westwind Capital (0.06%), Wealth Enhancement Advisory Services LLC (0.03%) and Gateway Investment Advisers LLC (0.03%). 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.
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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.
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