Gartner (NYSE:IT) Issues FY 2025 Earnings Guidance

Gartner (NYSE:IT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 12.650- for the period, compared to the consensus EPS 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 Down 7.6%

IT traded down $18.72 during trading on Tuesday, hitting $227.21. The company had a trading volume of 602,414 shares, compared to its average volume of 952,828. The company has a market cap of $17.21 billion, a PE ratio of 13.98 and a beta of 1.20. The business has a 50-day moving average of $249.52 and a 200-day moving average of $332.73. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. Gartner has a 1-year low of $223.65 and a 1-year high of $584.01.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Gartner from $225.00 to $231.00 and gave the company an “underweight” rating in a research report on Wednesday, October 29th. William Blair restated an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. UBS Group lifted their price target on Gartner from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Truist Financial began coverage on Gartner in a research note on Thursday, October 16th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Barclays set a $270.00 price objective on Gartner and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $346.80.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jose M. Gutierrez acquired 417 shares of the business’s stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the transaction, the director owned 2,080 shares of the company’s stock, valued at approximately $498,784. The trade was a 25.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.30% of the stock is owned by insiders.

Institutional Trading of Gartner

Large investors have recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Gartner in the fourth quarter worth $309,000. Sivia Capital Partners LLC bought a new stake in Gartner during the second quarter valued at about $336,000. Curi Capital LLC bought a new stake in Gartner during the second quarter valued at about $1,342,000. Florida Financial Advisors LLC grew its holdings in Gartner by 31.0% during the second quarter. Florida Financial Advisors LLC now owns 629 shares of the information technology services provider’s stock valued at $252,000 after purchasing an additional 149 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Gartner by 4.3% during the second quarter. California State Teachers Retirement System now owns 121,345 shares of the information technology services provider’s stock valued at $49,050,000 after purchasing an additional 5,009 shares during the period. 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.