Gartner, Inc. (NYSE:IT) shares traded -0.87% lower at $476.67 on Wall Street last session.
IT stock price is now 2.66% away from the 50-day moving average and 19.75% away from the 200-day moving average. The market capitalization of the company currently stands at $37.17B.
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On June 01, 2023, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $368, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Herkes Claire, EVP, Conferences sold 1,460 shares of the company’s stock on Mar 14 ’24. The stock was sold for $694,610 at an average price of $475.76. Upon completion of the transaction, the EVP, Conferences now directly owns 2,842 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, Director SMITH JAMES C sold 5,000 shares of the business’s stock. A total of $2,350,450 was realized by selling the stock at an average price of $470.09. This leaves the insider owning 618,235 shares of the company worth $294.69 million. A total of 2.89% of the company’s stock is owned by insiders.
During the past 12 months, Gartner, Inc. has had a low of $292.60 and a high of $486.54. As of last week, the company has a debt-to-equity ratio of 4.51, a current ratio of 0.81, and a quick ratio of 0.81. According to the stock market information, the enterprise value for the company is $39.24B, which is based on a 43.06 price-to-earnings ratio, a 3.99 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for IT is $464.30 and a two-hundred day moving average price translates $398.04 for the stock.
The latest earnings results from Gartner, Inc. (NYSE: IT) was released for Dec, 2023. According to the Information Technology Services Company, earnings per share came in at $3.04, beating analysts’ expectations of $2.83 by 0.21. This compares to $3.19 EPS in the same period last year. The net profit margin was 14.94% and return on equity was 194.28% for IT. The company reported revenue of $1.59 billion for the quarter, compared to $1.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.41 percent. For the current quarter, analysts expect IT to generate $1.47B in revenue.
Gartner, Inc.(IT) 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. The Conferences segment offers executives and teams in an organization the opportunity to learn, share, and network. The Consulting segment offers market-leading research, custom analysis, and on-the-ground support services. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut.
