Gartner, Inc (NYSE: IT) is 2.26% higher on its value in year-to-date trading and has touched a low of $411.15 and a high of $559.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IT stock was last observed hovering at around $491.48 in the last trading session, with the day’s gains setting it 3.96%.
Currently trading at $495.44, the stock is 0.30% and -3.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.4 million and changing 0.81% at the moment leaves the stock 3.06% off its SMA200. IT registered 13.68% gain for a year compared to 6-month gain of 10.46%. The firm has a 50-day simple moving average (SMA 50) of $511.389 and a 200-day simple moving average (SMA200) of $480.73065.
The stock witnessed a -4.24% loss in the last 1 month and extending the period to 3 months gives it a -3.55%, and is 2.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.44% over the week and 1.87% over the month.
Gartner, Inc (IT) has around 20237 employees, a market worth around $38.22B and $6.14B in sales. Current P/E ratio is 36.53 and Fwd P/E is 37.50. Profit margin for the company is 17.33%. Distance from 52-week low is 20.50% and -11.37% from its 52-week high. The company has generated returns on investments over the last 12 months (26.75%).
The EPS is expected to grow by 5.14% this year
1295.0 institutions hold shares in Gartner, Inc (IT), with institutional investors hold 95.95% of the company’s shares. The shares outstanding are 77.51M, and float is at 75.05M with Short Float at 1.65%. Institutions hold 93.21% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.09 million shares valued at $4.08 billion. The investor’s holdings represent 11.6014 of the IT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.43 million shares valued at $2.89 billion to account for 8.2106 of the shares outstanding. The other top investors are BAMCO INC /NY/ which holds 4.18 million shares representing 5.3408 and valued at over $1.88 billion, while STATE STREET CORP holds 4.1117 of the shares totaling 3.22 million with a market value of $1.45 billion.
Gartner, Inc (IT) Insider Activity
Gartner, Inc disclosed in a document filed with the SEC on Dec 11 ’24 that Genovese Yvonne (EVP, Global Product Management) sold a total of 173 shares of the company’s common stock. The trade occurred on Dec 11 ’24 and was made at $519.83 per share for $89931.0. Following the transaction, the insider now directly holds 1959.0 shares of the IT stock.
Still, SEC filings show that on Dec 11 ’24, Genovese Yvonne (Officer) Proposed Sale 173 shares at an average price of $519.83 for $89931.0. The insider now directly holds shares of Gartner, Inc (IT).
