Gartner (IT) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $517.60 to $521.98
• 50-Day Range: $501.23 to $551.80
• 52-Week Range: $411.15 to $559.00
• Volume: 224,957 shs
• Average Volume: 373,005 shs
• Market Capitalization: $39.95 billion
• P/E Ratio: 38.20
• Dividend Yield: N/A
• Price Target: $539.25
• Consensus Rating: Hold

Gartner Stock Analysis - MarketRank™

Gartner scored higher than 92% of companies evaluated by MarketBeat, and ranked 36th out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.28%

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 38.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.24.

Price to Earnings Ratio vs. Sector

The P/E ratio of Gartner is 38.20, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 38.26.

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 37.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.56% 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 9.35%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Gartner does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: 4.4 / 5
• Environmental Score: -0.37

Percentage of Shares Shorted

1.56% 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 9.35%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.06

News Sentiment

Gartner has a news sentiment score of 1.06. 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 0.75 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 25 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 60% 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.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $40,429,111.00 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.

IT Stock Analysis - Frequently Asked Questions

How have IT shares performed this year?

Gartner's stock was trading at $451.11 at the start of the year. Since then, IT shares have increased by 14.8% and is now trading at $517.93.
View the best growth stocks for 2024 here.

How were Gartner's earnings last quarter?

Gartner, Inc. (NYSE:IT) released its quarterly earnings results on Tuesday, November, 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.05. The firm's revenue was up 5.4% compared to the same quarter last year.
Read the conference call transcript.

Is Gartner doing a stock buyback?

Gartner's Board of Directors initiated a share buyback plan on Friday, November 3rd 2023, which authorizes the company to buy back $500,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Does Gartner have any subsidiaries?

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

Who are Gartner's major shareholders?

Top institutional shareholders of Gartner 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.

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.

What other stocks do shareholders of Gartner own?

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: 11/29/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Management services
• Sub-Industry: IT Consulting & Other Services
• Current Symbol: NYSE:IT
• CUSIP: 36665110
• CIK: 749251
• Web: www.gartner.com
• Phone: (203) 964-0096
• Fax: 203-316-6488
• Employees: 20,237
• Year Founded: 1979

Price Target and Rating

• Average Stock Price Target: $539.25
• High Stock Price Target: $590.00
• Low Stock Price Target: $470.00
• Potential Upside/Downside: +3.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.56
• Trailing P/E Ratio: 38.33
• Forward P/E Ratio: 43.71
• P/E Growth: 3.24
• Net Income: $882.47 million
• Net Margins: 17.33%
• Pretax Margin: 22.20%
• Return on Equity: 118.27%
• Return on Assets: 11.93%

Debt

• Debt-to-Equity Ratio: 2.31
• Current Ratio: 1.02
• Quick Ratio: 1.02

Sales & Book Value

• Annual Sales: $5.90 billion
• Price / Sales: 6.79
• Cash Flow: $14.04 per share
• Price / Cash Flow: 37.02
• Book Value: $13.80 per share
• Price / Book: 37.66

Miscellaneous

• Outstanding Shares: 77,130,000
• Free Float: 74,357,000
• Market Cap: $40.08 billion
• Optionable: Optionable
• Beta: 1.32