Gartner (IT) Stock Price, News & Analysis

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gartner in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 Wall Street analysts have issued 12 month target prices for Gartner's stock. Their IT share price targets range from $435.00 to $550.00. On average, they expect the company's share price to reach $477.60 in the next year. This suggests a possible upside of 6.2% from the stock's current price.
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Gartner's stock was trading at $451.11 at the beginning of the year. Since then, IT stock has decreased by 0.3% and is now trading at $449.61.
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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 trading volume of 394,900 shares, the short-interest ratio is currently 2.7 days. Currently, 1.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our IT earnings forecast.

Gartner will be holding an earnings conference call on Tuesday, April 30th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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 analysts' consensus estimates of $2.83 by $0.21. The information technology services provider had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Gartner had a net margin of 14.94% and a trailing twelve-month return on equity of 156.35%. Gartner's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.70 earnings per share.
Read the conference call transcript.

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 approved a share buyback program on Friday, November 3rd 2023, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Gartner updated 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 a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.27%), Artemis Investment Management LLP (0.20%), Global Assets Advisory LLC (0.09%), Los Angeles Capital Management LLC (0.06%), Westwind Capital (0.06%) and Wealth Enhancement Advisory Services 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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