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NYSE:IT

Gartner (IT) Stock Price, News & Analysis

Gartner logo
$491.25 +10.03 (+2.08%)
(As of 12/20/2024 05:16 PM ET)

About Gartner Stock (NYSE:IT)

Key Stats

Today's Range
$474.87
$491.36
50-Day Range
$481.22
$551.80
52-Week Range
$411.15
$559.00
Volume
1.38 million shs
Average Volume
379,473 shs
Market Capitalization
$37.89 billion
P/E Ratio
36.23
Dividend Yield
N/A
Price Target
$543.75
Consensus Rating
Hold

Company Overview

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.

Gartner Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

IT MarketRank™: 

Gartner scored higher than 92% of companies evaluated by MarketBeat, and ranked 30th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Gartner has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 4 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Gartner has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Gartner's stock forecast and price target.
  • Earnings Growth

    Earnings for Gartner are expected to grow by 12.28% in the coming year, from $11.89 to $13.35 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Gartner is 36.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Gartner is 36.23, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.41.

  • Price to Earnings Growth Ratio

    Gartner has a PEG Ratio of 3.24. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Gartner has a P/B Ratio of 56.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.64% of the float of Gartner has been sold short.
  • Short Interest Ratio / Days to Cover

    Gartner has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Gartner has recently increased by 5.13%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Gartner does not currently pay a dividend.

  • Dividend Growth

    Gartner does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.64% of the float of Gartner has been sold short.
  • Short Interest Ratio / Days to Cover

    Gartner has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Gartner has recently increased by 5.13%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Gartner has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Gartner this week, compared to 18 articles on an average week.
  • Search Interest

    8 people have searched for IT on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Gartner to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Gartner insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,241,974.00 in company stock.

  • Percentage Held by Insiders

    Only 3.60% of the stock of Gartner is held by insiders.

  • Percentage Held by Institutions

    91.51% of the stock of Gartner is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Gartner's insider trading history.
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IT Stock News Headlines

Gartner, Inc. (NYSE:IT) EVP Sells $98,949.06 in Stock
Cackling Kamala hates this company
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See More Headlines

IT Stock Analysis - Frequently Asked Questions

Gartner's stock was trading at $451.11 at the start of the year. Since then, IT stock has increased by 8.9% and is now trading at $491.25.
View the best growth stocks for 2024 here
.

Gartner, Inc. (NYSE:IT) issued its quarterly earnings results on Tuesday, November, 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.45 by $0.05. The business's quarterly revenue was up 5.4% on a year-over-year basis.
Read the conference call transcript
.

Gartner's board authorized a stock repurchase plan on Friday, November 3rd 2023, which authorizes the company to buy back $500,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Gartner subsidiaries include Pulse Q&A Inc, TOPO, CEB, L2, Machina Research USA, SCM World US, Capterra, and others.

Gartner's top institutional shareholders include Bamco Inc. NY (5.22%), State Street Corp (4.23%), Massachusetts Financial Services Co. MA (3.74%) and FMR LLC (3.37%). Insiders that own company stock include Eugene A Hall, James C Smith, Craig Safian, Alwyn Dawkins, Karen E Dykstra, Scott Hensel, Michael Patrick Diliberto, Robin B Kranich, Valentin Sribar, Richard J Bressler, Joseph P Beck, Anne Sutherland Fuchs, William James Wartinbee III, Kenneth Allard, Jules Kaufman, Akhil Jain, Yvonne Genovese, Claire Herkes and Eileen Serra.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Gartner investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), TotalEnergies (TTE) and Southern First Bancshares (SFST).

Company Calendar

Last Earnings
11/05/2024
Today
12/22/2024
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
$543.75
High Stock Price Target
$590.00
Low Stock Price Target
$470.00
Potential Upside/Downside
+10.7%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$882.47 million
Pretax Margin
22.20%

Debt

Sales & Book Value

Annual Sales
$6.14 billion
Cash Flow
$13.29 per share
Book Value
$8.69 per share

Miscellaneous

Free Float
74,357,000
Market Cap
$37.89 billion
Optionable
Optionable
Beta
1.31

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This page (NYSE:IT) was last updated on 12/22/2024 by MarketBeat.com Staff
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