Gartner (NYSE:IT – Get Free Report) released its quarterly earnings results on Tuesday. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05, Briefing.com reports. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.56 earnings per share. Gartner updated its FY 2024 guidance to 11.750- EPS.
Gartner Trading Up 0.7 %
Shares of NYSE:IT traded up $3.50 on Thursday, hitting $540.40. The company had a trading volume of 64,338 shares, compared to its average volume of 367,371. Gartner has a 1 year low of $396.60 and a 1 year high of $542.13. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm’s 50-day simple moving average is $510.44 and its two-hundred day simple moving average is $473.06. The firm has a market capitalization of $41.64 billion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 3.14 and a beta of 1.32.
Insider Buying and Selling
In related news, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the sale, the executive vice president now owns 1,905 shares in the company, valued at $963,949.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,899 shares of company stock valued at $24,959,886 over the last three months. Corporate insiders own 3.60% of the company’s stock.
Analyst Upgrades and Downgrades
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Gartner 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.
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