FY2024 Earnings Forecast for Gartner Issued By William Blair

Gartner, Inc. (NYSE:IT - Free Report) - Equities research analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for Gartner in a research report issued to clients and investors on Tuesday, November 5th. William Blair analyst A. Nicholas now forecasts that the information technology services provider will earn $11.91 per share for the year, up from their prior forecast of $11.31. The consensus estimate for Gartner's current full-year earnings is $11.65 per share. William Blair also issued estimates for Gartner's Q4 2024 earnings at $3.27 EPS, Q1 2025 earnings at $2.98 EPS, Q2 2025 earnings at $3.58 EPS and Q3 2025 earnings at $2.84 EPS.

A number of other analysts have also issued reports on IT. Wells Fargo & Company boosted their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a research note on Wednesday. Robert W. Baird increased their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a report on Wednesday. Bank of America boosted their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research note on Wednesday. Finally, StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Gartner currently has an average rating of "Hold" and a consensus target price of $539.25.

Gartner Trading Up 1.3 %

Shares of NYSE IT traded up $7.00 during trading on Friday, reaching $547.75. The stock had a trading volume of 519,560 shares, compared to its average volume of 369,009. The business's 50-day moving average price is $511.54 and its 200-day moving average price is $473.53. Gartner has a fifty-two week low of $397.43 and a fifty-two week high of $552.33. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $42.21 billion, a P/E ratio of 40.33, a PEG ratio of 3.14 and a beta of 1.32.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.05. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $2.56 EPS. The business's revenue was up 5.4% on a year-over-year basis.

Hedge Funds Weigh In On Gartner

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in Gartner by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider's stock worth $11,987,000 after buying an additional 2,560 shares in the last quarter. Transcend Capital Advisors LLC purchased a new stake in shares of Gartner during the second quarter worth about $512,000. Tidal Investments LLC raised its position in shares of Gartner by 24.4% in the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider's stock valued at $4,717,000 after buying an additional 1,940 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Gartner during the first quarter valued at approximately $1,049,000. Finally, Vident Advisory LLC boosted its position in Gartner by 543.2% during the first quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider's stock worth $4,375,000 after acquiring an additional 7,751 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In other Gartner news, EVP Akhil Jain sold 400 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the sale, the executive vice president now owns 4,839 shares of the company's stock, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Gartner news, EVP Claire Herkes sold 478 shares of the firm's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now directly owns 1,905 shares of the company's stock, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Akhil Jain sold 400 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares in the company, valued at $2,346,915. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,899 shares of company stock valued at $30,317,486. 3.60% of the stock is currently owned by corporate insiders.

About Gartner

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.