Gartner (NYSE:IT) Releases Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Gartner (NYSE:IT) released its earnings results on Tuesday. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.26, Zacks reports. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.93 earnings per share. Gartner updated its FY 2025 guidance to 11.700- EPS.

Gartner Trading Up 1.0 %

IT opened at $437.13 on Thursday. The firm’s 50 day moving average is $426.03 and its 200-day moving average is $483.67. Gartner has a 52-week low of $366.05 and a 52-week high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $33.58 billion, a P/E ratio of 27.27, a P/E/G ratio of 3.30 and a beta of 1.24.

Analyst Ratings Changes

Several analysts have recently issued reports on IT shares. Morgan Stanley lowered their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. UBS Group boosted their price target on Gartner from $500.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Barclays decreased their target price on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Finally, Wells Fargo & Company cut their price target on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $518.67.

Insider Activity

In related news, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Institutional Trading of Gartner

A hedge fund recently bought a new stake in Gartner stock. Brighton Jones LLC bought a new position in Gartner, Inc. (NYSE:IT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 637 shares of the information technology services provider’s stock, valued at approximately $309,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Company Profile

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.