Gartner (NYSE:IT) Releases FY 2025 Earnings Guidance

Gartner (NYSE:IT) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 12.650- for the period, compared to the consensus estimate of 12.200. The company issued revenue guidance of $6.5 billion-, compared to the consensus revenue estimate of $6.5 billion.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IT shares. UBS Group increased their price target on shares of Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Weiss Ratings downgraded Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Morgan Stanley set a $307.00 price objective on shares of Gartner in a research report on Monday, October 13th. Truist Financial began coverage on Gartner in a research report on Thursday, October 16th. They set a “buy” rating and a $300.00 target price on the stock. Finally, Wolfe Research started coverage on Gartner in a research note on Wednesday, September 3rd. They set a “peer perform” rating for the company. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $346.80.

Gartner Stock Performance

IT stock opened at $245.81 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of 15.13 and a beta of 1.20. The firm has a 50 day moving average of $249.52 and a two-hundred day moving average of $332.73. Gartner has a 12 month low of $223.65 and a 12 month high of $584.01.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.15. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.22 EPS. As a group, equities analysts anticipate that Gartner will post 12.5 EPS for the current fiscal year.

Insider Transactions at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of Gartner stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total transaction of $26,219.55. Following the completion of the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jose M. Gutierrez acquired 417 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the acquisition, the director directly owned 2,080 shares in the company, valued at $498,784. This represents a 25.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Osterweis Capital Management Inc. bought a new position in Gartner during the second quarter worth about $48,000. MUFG Securities EMEA plc bought a new position in shares of Gartner during the second quarter worth approximately $91,000. State of Wyoming acquired a new stake in shares of Gartner in the second quarter valued at approximately $231,000. Florida Financial Advisors LLC boosted its stake in shares of Gartner by 19.4% in the second quarter. Florida Financial Advisors LLC now owns 573 shares of the information technology services provider’s stock valued at $232,000 after buying an additional 93 shares during the period. Finally, Optimist Retirement Group LLC increased its stake in Gartner by 32.0% during the 2nd quarter. Optimist Retirement Group LLC now owns 734 shares of the information technology services provider’s stock worth $297,000 after acquiring an additional 178 shares during the period. 91.51% of the stock is currently owned by institutional investors.

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.