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NYSE:IT

Gartner (IT) Stock Price, News & Analysis

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$520.12 +2.12 (+0.41%)
(As of 12:30 PM ET)

About Gartner Stock (NYSE:IT)

Key Stats

Today's Range
$517.11
$523.70
50-Day Range
$501.23
$551.80
52-Week Range
$411.15
$559.00
Volume
154,284 shs
Average Volume
369,443 shs
Market Capitalization
$40.12 billion
P/E Ratio
38.36
Dividend Yield
N/A
Price Target
$539.25
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
85th Percentile Overall Score

IT MarketRank™: 

Gartner scored higher than 85% of companies evaluated by MarketBeat, and ranked 62nd out of 323 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 38.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Gartner is 38.53, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 35.67.

  • Price to Earnings Growth Ratio

    Gartner has a PEG Ratio of 3.23. 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 37.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Gartner's valuation and earnings.
  • Percentage of Shares Shorted

    1.43% 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 3.8, 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 0.94%, indicating that investor sentiment is decreasing.
  • 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

    1.43% 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 3.8, 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 0.94%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Gartner has a news sentiment score of 0.82. 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 0.54 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 19 news articles for Gartner this week, compared to 18 articles on an average week.
  • Search Interest

    7 people have searched for IT on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Gartner to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $38,023,255.00 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

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IT Stock Analysis - Frequently Asked Questions

Gartner's stock was trading at $451.11 at the beginning of the year. Since then, IT stock has increased by 15.3% and is now trading at $520.12.
View the best growth stocks for 2024 here
.

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

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

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

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
.

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
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

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
$539.25
High Stock Price Target
$590.00
Low Stock Price Target
$470.00
Potential Upside/Downside
+4.1%
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
$13.89 per share
Book Value
$8.69 per share

Miscellaneous

Free Float
74,357,000
Market Cap
$39.96 billion
Optionable
Optionable
Beta
1.32

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This page (NYSE:IT) was last updated on 11/21/2024 by MarketBeat.com Staff
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