Gartner, Inc (NYSE: IT) is -12.41% lower on its value in year-to-date trading and has touched a low of $409.00 and a high of $584.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IT stock was last observed hovering at around $413.72 in the last trading session, with the day’s gains setting it 10.65%.
Currently trading at $424.37, the stock is -4.20% and -13.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 2.57% at the moment leaves the stock -13.95% off its SMA200. IT registered -11.12% loss for a year compared to 6-month loss of -16.26%. The firm has a 50-day simple moving average (SMA 50) of $488.3028 and a 200-day simple moving average (SMA200) of $493.17194.
The stock witnessed a -11.97% gain in the last 1 month and extending the period to 3 months gives it a -12.58%, and is -0.56% down 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 2.91% over the week and 3.00% over the month.
Gartner, Inc (IT) has around 21044 employees, a market worth around $32.60B and $6.27B in sales. Current P/E ratio is 26.47 and Fwd P/E is 30.37. Profit margin for the company is 20.00%. Distance from 52-week low is 3.76% and -27.34% from its 52-week high. The company has generated returns on investments over the last 12 months (30.15%).
The EPS is expected to shrink by -12.58% this year
1343.0 institutions hold shares in Gartner, Inc (IT), with institutional investors hold 98.37% of the company’s shares. The shares outstanding are 77.38M, and float is at 74.68M with Short Float at 2.45%. Institutions hold 95.49% 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 8.2658 of the shares outstanding. The other top investors are BAMCO INC /NY/ which holds 4.18 million shares representing 5.3767 and valued at over $1.88 billion, while STATE STREET CORP holds 4.1394 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 Feb 27 ’25 that Rinello John J (SVP, Global Business Sales) sold a total of 90 shares of the company’s common stock. The trade occurred on Feb 27 ’25 and was made at $493.19 per share for $44387.0. Following the transaction, the insider now directly holds 3389.0 shares of the IT stock.
Still, SEC filings show that on Feb 26 ’25, Genovese Yvonne (EVP, Research & Advisory) disposed off 1,740 shares at an average price of $506.47 for $0.88 million. The insider now directly holds 4,889 shares of Gartner, Inc (IT).
