Q4 2024 EPS Estimates for Gartner, Inc. (NYSE:IT) Decreased by William Blair

Gartner, Inc. (NYSE:IT) – Research analysts at William Blair decreased their Q4 2024 EPS estimates for shares of Gartner in a research report issued on Wednesday, May 1st. William Blair analyst A. Nicholas now expects that the information technology services provider will post earnings per share of $3.03 for the quarter, down from their previous estimate of $3.04. The consensus estimate for Gartner’s current full-year earnings is $11.56 per share. William Blair also issued estimates for Gartner’s Q1 2025 earnings at $2.97 EPS, Q2 2025 earnings at $3.38 EPS, Q3 2025 earnings at $2.92 EPS, Q4 2025 earnings at $3.52 EPS and FY2025 earnings at $12.78 EPS.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets dropped their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday. UBS Group dropped their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective on the stock. Morgan Stanley raised their price objective on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $474.50.

Gartner Price Performance

Shares of NYSE:IT opened at $428.64 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. The stock’s fifty day simple moving average is $462.52 and its two-hundred day simple moving average is $440.27. Gartner has a 1-year low of $295.43 and a 1-year high of $486.54. The stock has a market cap of $33.42 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 3.72 and a beta of 1.32.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the company earned $2.88 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.

Hedge Funds Weigh In On Gartner

Several hedge funds have recently made changes to their positions in IT. Mediolanum International Funds Ltd purchased a new stake in shares of Gartner in the first quarter worth $4,759,000. GSA Capital Partners LLP bought a new position in shares of Gartner during the first quarter valued at $1,121,000. Central Pacific Bank Trust Division bought a new position in shares of Gartner during the first quarter valued at $36,000. Whittier Trust Co. lifted its holdings in Gartner by 43.5% in the first quarter. Whittier Trust Co. now owns 432 shares of the information technology services provider’s stock valued at $206,000 after acquiring an additional 131 shares during the period. Finally, Jennison Associates LLC lifted its holdings in Gartner by 3.3% in the first quarter. Jennison Associates LLC now owns 79,116 shares of the information technology services provider’s stock valued at $37,712,000 after acquiring an additional 2,543 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Gartner

In other Gartner news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares of the company’s stock, valued at approximately $1,352,109.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the sale, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $470.09, for a total value of $2,350,450.00. Following the completion of the sale, the director now owns 618,235 shares of the company’s stock, valued at approximately $290,626,091.15. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock worth $10,598,070 in the last ninety days. Company insiders own 3.60% of the company’s stock.

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.