Gartner (NYSE:IT) Releases FY 2025 Earnings Guidance

Gartner (NYSE:IT) issued an update on its FY 2025 earnings guidance on Tuesday morning. 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.

Gartner Stock Up 2.9%

NYSE:IT traded up $6.49 during trading hours on Wednesday, reaching $233.66. The company’s stock had a trading volume of 209,804 shares, compared to its average volume of 954,968. Gartner has a 12 month low of $223.23 and a 12 month high of $584.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $17.70 billion, a P/E ratio of 14.38 and a beta of 1.19. The stock has a 50 day moving average price of $249.19 and a two-hundred day moving average price of $331.50.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.35. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Equities analysts predict that Gartner will post 12.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IT. Royal Bank Of Canada began coverage on shares of Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price target for the company. Wolfe Research assumed coverage on shares of Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Barclays set a $260.00 price objective on shares of Gartner in a report on Wednesday. The Goldman Sachs Group cut their price objective on shares of Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Finally, UBS Group increased their price objective on shares of Gartner from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $345.80.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the transaction, the senior vice president owned 3,225 shares of the company’s stock, valued at $805,314.75. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jose M. Gutierrez acquired 417 shares of Gartner stock in a transaction dated Monday, August 18th. The stock was purchased at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the acquisition, the director directly owned 2,080 shares in the company, valued at approximately $498,784. This represents a 25.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Gartner

Several institutional investors and hedge funds have recently modified their holdings of the business. State of Wyoming purchased a new stake in shares of Gartner in the second quarter valued at about $231,000. FORA Capital LLC acquired a new position in shares of Gartner in the second quarter valued at approximately $969,000. CANADA LIFE ASSURANCE Co raised its position in shares of Gartner by 8.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 100,644 shares of the information technology services provider’s stock valued at $40,742,000 after buying an additional 7,606 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Gartner in the second quarter valued at approximately $91,000. Finally, Corient Private Wealth LLC raised its position in shares of Gartner by 2.4% in the second quarter. Corient Private Wealth LLC now owns 63,627 shares of the information technology services provider’s stock valued at $25,719,000 after buying an additional 1,508 shares during the last quarter. Hedge funds and other institutional investors own 91.51% 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.