Key Points
- Gartner SVP John Rinello sold 220 shares on Dec. 3 at an average price of $229.57 for $50,505.40, leaving him with 3,046 shares (a 6.74% reduction); the transaction was filed with the SEC.
- Gartner beat quarterly EPS expectations, reporting $2.76 vs. $2.41 and revenue of $1.52B in line, and set FY2025 guidance at $12.65 EPS (analysts expect ≈12.5 EPS).
- The stock trades around $229.67—near its 52‑week low of $222.54 and well below its $584.01 high—with a consensus analyst rating of Hold and a $311.67 price target; institutional investors own about 91.5% of the shares.
Gartner, Inc. (NYSE:IT - Get Free Report) SVP John Rinello sold 220 shares of the firm's stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total value of $50,505.40. Following the transaction, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. This represents a 6.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Gartner Stock Down 1.0%
IT opened at $229.67 on Friday. Gartner, Inc. has a 52 week low of $222.54 and a 52 week high of $584.01. The business has a 50 day moving average price of $239.90 and a two-hundred day moving average price of $301.20. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42. The company has a market cap of $16.55 billion, a PE ratio of 20.15 and a beta of 1.08.
Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.35. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. Gartner had a return on equity of 92.12% and a net margin of 13.71%.Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.
Institutional Trading of Gartner
Several hedge funds and other institutional investors have recently made changes to their positions in IT. Addison Advisors LLC acquired a new stake in shares of Gartner in the 2nd quarter worth approximately $27,000. Ransom Advisory Ltd purchased a new stake in Gartner during the first quarter worth $29,000. Chilton Capital Management LLC purchased a new position in shares of Gartner in the second quarter valued at $47,000. Osterweis Capital Management Inc. acquired a new position in shares of Gartner during the 2nd quarter worth $48,000. Finally, Bayforest Capital Ltd raised its stake in shares of Gartner by 527.3% during the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider's stock worth $58,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.
Analysts Set New Price Targets
IT has been the topic of several recent research reports. BMO Capital Markets dropped their price objective on shares of Gartner from $272.00 to $254.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings downgraded shares of Gartner from a "hold (c-)" rating to a "sell (d+)" rating in a report on Saturday, October 25th. Royal Bank Of Canada initiated coverage on shares of Gartner in a 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 research report on Wednesday, September 3rd. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company lowered their price objective on Gartner from $231.00 to $218.00 and set an "underweight" rating on the stock in a report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $311.67.
Check Out Our Latest Analysis on IT
About Gartner
(
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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.
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