Market Summary
USD349.20-8.02
Market Closed-2.25%
IT Alerts
IT Stock Price
IT RSI Chart
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IT Price/Sales (Trailing)
IT Profitability
IT Fundamentals
IT Revenue
IT Earnings
Price Action
52 Week Range
272.58377.88
(Low)(High)
Last 7 days
-2.1%
Last 30 days
5.0%
Last 90 days
3.3%
Trailing 12 Months
21.4%
IT Financial Health
IT Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for IT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Wartinbee William James III | gifted | - | - | -72.00 | svp, global sales strat & ops |
2023-09-08 | SMITH JAMES C | sold | -3,559,100 | 355 | -10,000 | - |
2023-09-07 | SMITH JAMES C | sold | -3,521,600 | 352 | -10,000 | - |
2023-09-01 | Kranich Robin B | sold | -250,442 | 349 | -716 | evp & chro |
2023-08-31 | Sribar Valentin | acquired | 5,647 | 332 | 17.00 | evp, research & advisory |
2023-08-31 | Dawkins Alwyn | acquired | 5,647 | 332 | 17.00 | evp, global business sales |
2023-08-31 | Sribar Valentin | gifted | - | - | -140 | evp, research & advisory |
2023-08-31 | Kranich Robin B | acquired | 5,647 | 332 | 17.00 | evp & chro |
2023-08-31 | Safian Craig | acquired | 2,989 | 332 | 9.00 | evp & cfo |
2023-08-31 | HALL EUGENE A | acquired | 5,647 | 332 | 17.00 | ceo |
Which funds bought or sold IT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 1.42 | 4,160 | 50,094 | 0.01% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 509,701 | 509,701 | 0.03% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | sold off | -100 | -18,602,100 | - | -% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 2,677,770 | 2,677,770 | 0.50% |
2023-08-25 | STRATEGY ASSET MANAGERS LLC | added | 6.79 | 132,373 | 1,024,660 | 0.23% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 80,982 | 1,156,020 | 0.01% |
2023-08-23 | Rehmann Capital Advisory Group | added | 2.79 | 22,158 | 232,605 | 0.02% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 300,065 | 300,065 | -% |
2023-08-22 | COMERICA BANK | new | - | 3,000 | 3,000 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | 2,000 | 31,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
IT Alerts
Schedule 13G FIlings of Gartner
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | bamco inc /ny/ | 5.95% | 4,704,260 | SC 13G/A | |
| Feb 10, 2023 | polen capital management llc | 3.5% | 2,750,755 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.50% | 9,088,343 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.9% | 6,228,961 | SC 13G/A | |
| Feb 14, 2022 | generation investment management llp | 2.68% | 2,207,146 | SC 13G/A | |
| Feb 14, 2022 | bamco inc /ny/ | 6.20% | 5,102,750 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 11.06% | 9,095,452 | SC 13G/A | |
| Feb 10, 2022 | polen capital management llc | 5.6% | 4,579,209 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.6% | 6,273,247 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 0.5% | 466,051 | SC 13G/A |
Recent SEC filings of Gartner
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 08, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 07, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent |
IT Fair Value
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Peers (Alternatives to Gartner)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MA | 381.6B | 23.6B | 1.39% | 32.47% | 37.3 | 16.18 | 13.06% | 5.47% |
PAYX | 40.8B | 5.0B | -5.14% | -3.24% | 26.23 | 8.16 | 8.57% | 11.81% |
IT | 27.7B | 5.7B | 4.98% | 21.42% | 29.96 | 4.82 | 12.68% | 25.63% |
SQ | 27.7B | 19.7B | -18.64% | -23.26% | -102.37 | 1.41 | 20.89% | 45.06% |
BAH | 14.1B | 9.7B | -4.69% | 13.67% | 47.86 | 1.46 | 12.05% | -42.51% |
| MID-CAP | ||||||||
G | 6.7B | 4.4B | 1.10% | -19.47% | 16.3 | 1.51 | - | - |
DXC | 5.5B | 14.2B | 0.10% | -25.96% | 7.64 | 0.37 | -10.50% | -216.97% |
WU | 4.8B | 4.4B | 9.39% | -8.94% | 6.45 | 1.1 | -9.80% | -15.47% |
VRRM | 2.8B | 780.1M | -0.95% | 16.70% | 37.15 | 3.64 | 13.07% | -11.13% |
| SMALL-CAP | ||||||||
RPAY | 683.9B | 290.5M | -16.99% | -6.00% | -21.5K | 2.4K | 12.47% | -281.17% |
CNDT | 746.4M | 3.8B | 7.89% | -5.79% | -2.25 | 0.2 | -4.55% | -409.35% |
HCKT | 631.4M | 290.5M | 2.38% | 27.79% | 17.08 | 2.17 | -1.10% | -18.53% |
UIS | 265.7M | 2.0B | -12.97% | -61.48% | -2.51 | 0.13 | 1.13% | -9.87% |
III | 214.8M | 296.1M | -10.51% | -11.93% | 13.71 | 0.73 | 4.29% | -12.43% |
Gartner News
Returns for IT
Cumulative Returns on IT
19.4%
10-Year Cumulative Returns
21.3%
7-Year Cumulative Returns
17.1%
5-Year Cumulative Returns
40.3%
3-Year Cumulative Returns
Risks for IT
What is the probability of a big loss on IT?
65%
Probability that Gartner stock will be more than 20% underwater in next one year
30.4%
Probability that Gartner stock will be more than 30% underwater in next one year.
18.5%
Probability that Gartner stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does IT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Gartner was unfortunately bought at previous high price.
Drawdowns
Financials for Gartner
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.3% | 5,749 | 5,622 | 5,476 | 5,277 | 5,102 | 4,893 | 4,734 | 4,540 | 4,379 | 4,185 | 4,099 | 4,190 | 4,196 | 4,294 | 4,245 | 4,131 | 4,052 | 3,982 | 3,975 | 3,901 | 3,807 |
| Costs and Expenses | 3.2% | 4,472 | 4,331 | 4,376 | 4,324 | 4,172 | 3,985 | 3,818 | 3,632 | 3,613 | 3,594 | 3,609 | 3,742 | 3,766 | 3,848 | 3,875 | 3,767 | 3,705 | 3,665 | 3,716 | 3,708 | 3,692 |
| S&GA Expenses | 3.0% | 2,595 | 2,520 | 2,481 | 2,503 | 2,403 | 2,286 | 2,156 | 2,014 | 2,023 | 2,030 | 2,039 | 2,071 | 2,061 | 2,081 | 2,103 | 2,034 | 1,969 | 1,915 | 1,884 | 1,861 | 1,835 |
| EBITDA | -100.0% | - | 1,457 | 1,345 | 1,171 | 1,141 | 1,245 | 1,301 | 1,226 | 1,038 | 780 | 661 | 613 | 644 | 669 | 590 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.26* | 0.25* | 0.22* | 0.22* | 0.25* | 0.27* | 0.27* | 0.24* | 0.19* | 0.16* | 0.15* | 0.15* | 0.16* | 0.14* | - | - | - | - | - | - |
| Interest Expenses | -4.2% | 117 | 122 | 126 | 125 | 126 | 124 | 119 | 114 | 113 | 115 | 116 | 116 | 110 | 104 | 103 | 101 | 104 | 117 | 127 | 139 | 151 |
| Earnings Before Taxes | -1.0% | 1,182 | 1,193 | 1,027 | 900 | 867 | 970 | 970 | 949 | 764 | 444 | 326 | 281 | 319 | 352 | 276 | 276 | 261 | 245 | 181 | 99.00 | -1.36 |
| EBT Margin | -100.0% | - | 0.21* | 0.19* | 0.17* | 0.17* | 0.20* | 0.20* | 0.21* | 0.17* | 0.11* | 0.08* | 0.07* | 0.08* | 0.08* | 0.06* | - | - | - | - | - | - |
| Net Income | -0.7% | 924 | 931 | 808 | 760 | 736 | 802 | 794 | 704 | 572 | 356 | 267 | 215 | 239 | 288 | 233 | 250 | 220 | 163 | 122 | 146 | 86.00 |
| Net Income Margin | -100.0% | - | 0.17* | 0.15* | 0.14* | 0.14* | 0.16* | 0.17* | 0.16* | 0.13* | 0.09* | 0.07* | 0.05* | 0.06* | 0.07* | 0.05* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,098 | 1,101 | 1,133 | 1,163 | 1,323 | 1,312 | 1,338 | 1,237 | 1,005 | 903 | 726 | 701 | 586 | 565 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.3% | 7,356 | 7,379 | 7,300 | 6,526 | 6,591 | 6,985 | 7,416 | 6,995 | 7,188 | 6,938 | 7,316 | 6,841 | 6,810 | 6,800 | 7,151 | 6,737 | 6,730 | 6,715 | 6,201 | 5,945 | 6,153 |
| Current Assets | -0.1% | 2,899 | 2,903 | 2,786 | 1,980 | 1,981 | 2,274 | 2,620 | 2,109 | 2,257 | 1,998 | 2,323 | 1,865 | 1,767 | 1,773 | 2,019 | 1,707 | 1,691 | 1,716 | 1,812 | 1,535 | 1,608 |
| Cash Equivalents | 31.3% | 1,173 | 894 | 698 | 529 | 365 | 460 | 761 | 770 | 800 | 446 | 713 | 554 | 357 | 228 | 281 | 307 | 218 | 149 | 156 | 213 | 160 |
| Net PPE | 0.7% | 259 | 257 | 265 | 256 | 250 | 258 | 274 | 297 | 309 | 323 | 337 | 333 | 344 | 347 | 345 | 301 | 291 | 271 | 268 | 246 | 226 |
| Goodwill | 0.1% | 2,932 | 2,930 | 2,930 | 2,936 | 2,943 | 2,949 | 2,951 | 2,953 | 2,955 | 2,944 | 2,946 | 2,939 | 2,936 | 2,928 | 2,938 | 19.00 | 2,930 | 2,907 | 2,923 | 2,911 | 2,975 |
| Liabilities | -2.0% | 6,769 | 6,906 | 7,072 | 6,591 | 6,733 | 6,867 | 7,045 | 6,660 | 6,661 | 6,046 | 6,226 | 5,803 | 5,819 | 5,910 | 6,213 | 5,818 | 5,766 | 5,858 | 5,351 | 5,003 | 5,232 |
| Current Liabilities | -3.4% | 3,337 | 3,454 | 3,598 | 3,086 | 3,178 | 3,260 | 3,379 | 2,905 | 2,910 | 2,812 | 2,947 | 2,522 | 2,539 | 2,530 | 2,857 | 2,527 | 2,482 | 2,569 | 2,621 | 2,344 | 2,514 |
| LT Debt, Current | 7.1% | 9.00 | 8.00 | 8.00 | 7.00 | 7.00 | 6.00 | 6.00 | 5.00 | 5.00 | 21.00 | 21.00 | 21.00 | 38.00 | 149 | 140 | 130 | 121 | 205 | 166 | 93.00 | 284 |
| LT Debt, Non Current | -0.1% | 2,451 | 2,452 | 2,454 | 2,455 | 2,456 | 2,456 | 2,457 | 2,458 | 2,458 | 1,949 | 1,958 | 1,957 | 1,937 | 2,035 | 2,044 | 2,052 | 2,059 | 2,095 | 2,116 | 2,077 | 2,147 |
| Shareholder's Equity | 24.0% | 587 | 473 | 228 | - | -142 | 118 | 371 | 335 | 528 | 892 | 1,090 | 1,038 | 991 | 890 | 939 | 920 | 964 | 857 | 851 | 942 | 921 |
| Retained Earnings | 4.8% | 4,351 | 4,153 | 3,857 | 3,600 | 3,426 | 3,222 | 3,049 | 2,840 | 2,691 | 2,420 | 2,255 | 2,136 | 2,119 | 2,064 | 1,989 | 1,921 | 1,880 | 1,776 | 1,755 | 1,671 | 1,660 |
| Additional Paid-In Capital | 1.6% | 2,259 | 2,223 | 2,180 | 2,162 | 2,137 | 2,108 | 2,075 | 2,055 | 2,032 | 2,003 | 1,969 | 1,960 | 1,942 | 1,923 | 1,899 | 1,885 | 1,869 | 1,853 | 1,824 | 1,811 | 1,798 |
| Shares Outstanding | -0.2% | 79.00 | 79.00 | - | 79.00 | 80.00 | 82.00 | - | 84.00 | 86.00 | 88.00 | - | 89.00 | 89.00 | 89.00 | - | 90.00 | 90.00 | 90.00 | - | 91.00 | 91.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 1.8% | 1,118 | 1,098 | 1,101 | 1,133 | 1,163 | 1,323 | 1,312 | 1,338 | 1,237 | 1,005 | 903 | 726 | 701 | 586 | 565 | 528 | 557 | 504 | 471 | 448 | 349 |
| Share Based Compensation | 7.5% | 111 | 103 | 91.00 | 94.00 | 93.00 | 95.00 | 99.00 | 88.00 | 84.00 | 73.00 | 63.00 | 67.00 | 65.00 | 62.00 | 69.00 | 68.00 | 66.00 | 67.00 | 66.00 | 67.00 | 71.00 |
| Cashflow From Investing | -19.2% | 30.00 | 37.00 | -117 | -93.34 | -71.60 | -85.24 | -80.47 | -84.74 | -85.28 | -71.87 | -83.89 | -123 | -144 | -163 | -160 | -154 | -44.14 | 378 | 384 | 405 | 260 |
| Cashflow From Financing | 50.9% | -335 | -683 | -1,027 | -1,226 | -1,487 | -1,199 | -1,157 | -1,042 | -730 | -750 | -416 | -371 | -419 | -331 | -285 | -276 | -451 | -951 | -1,257 | -1,279 | -1,093 |
| Buy Backs | -49.5% | 354 | 702 | 1,044 | 1,255 | 1,514 | 1,711 | 1,656 | 1,565 | 1,212 | 537 | 200 | 124 | 216 | 217 | 199 | 283 | 196 | 262 | 261 | 109 | 104 |
IT Income Statement
2023-06-30Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Total revenues | $ 1,503,185 | $ 1,376,521 | $ 2,912,054 | $ 2,639,261 |
| Costs and expenses: | ||||
| Cost of services and product development | 487,418 | 424,535 | 922,557 | 801,568 |
| Selling, general and administrative | 680,168 | 604,911 | 1,337,258 | 1,222,815 |
| Depreciation | 23,712 | 22,910 | 47,608 | 46,111 |
| Amortization of intangibles | 22,901 | 24,754 | 45,636 | 49,902 |
| Acquisition and integration charges | 1,973 | 2,289 | 3,341 | 4,496 |
| Gain from sale of divested operation | 3,906 | 0 | (135,410) | 0 |
| Total costs and expenses | 1,220,078 | 1,079,399 | 2,220,990 | 2,124,892 |
| Operating income | 283,107 | 297,122 | 691,064 | 514,369 |
| Interest expense, net | (24,558) | (29,719) | (51,949) | (61,113) |
| Gain on event cancellation insurance claims | 0 | 0 | 3,077 | 0 |
| Other income, net | 5,575 | 8,548 | 3,209 | 37,754 |
| Income before income taxes | 264,124 | 275,951 | 645,401 | 491,010 |
| Provision for income taxes | 66,081 | 71,026 | 151,575 | 113,570 |
| Net income | $ 198,043 | $ 204,925 | $ 493,826 | $ 377,440 |
| Net income per share: | ||||
| Basic (in dollars per share) | $ 2.50 | $ 2.55 | $ 6.22 | $ 4.65 |
| Diluted (in dollars per share) | $ 2.48 | $ 2.53 | $ 6.17 | $ 4.60 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 79,285 | 80,271 | 79,368 | 81,145 |
| Diluted (in shares) | 79,820 | 80,974 | 80,015 | 82,011 |
| Research | ||||
| Revenues: | ||||
| Total revenues | $ 1,207,885 | $ 1,142,329 | $ 2,425,076 | $ 2,278,709 |
| Conferences | ||||
| Revenues: | ||||
| Total revenues | 168,897 | 113,525 | 233,539 | 123,879 |
| Consulting | ||||
| Revenues: | ||||
| Total revenues | $ 126,403 | $ 120,667 | $ 253,439 | $ 236,673 |
IT Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,172,828 | $ 697,999 |
| Fees receivable, net of allowances of $8,000 and $9,000, respectively | 1,271,792 | 1,556,786 |
| Deferred commissions | 311,085 | 363,079 |
| Prepaid expenses and other current assets | 143,473 | 119,207 |
| Assets held-for-sale | 0 | 49,036 |
| Total current assets | 2,899,178 | 2,786,107 |
| Property, equipment and leasehold improvements, net | 258,601 | 264,581 |
| Operating lease right-of-use assets | 398,250 | 436,592 |
| Goodwill | 2,931,821 | 2,930,211 |
| Intangible assets, net | 547,794 | 584,714 |
| Other assets | 320,289 | 297,531 |
| Total Assets | 7,355,933 | 7,299,736 |
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 828,873 | 1,115,198 |
| Deferred revenues | 2,499,379 | 2,443,762 |
| Current portion of long-term debt | 9,000 | 7,800 |
| Liabilities held-for-sale | 0 | 30,840 |
| Total current liabilities | 3,337,252 | 3,597,600 |
| Long-term debt, net of deferred financing fees | 2,451,137 | 2,453,607 |
| Operating lease liabilities | 555,085 | 597,267 |
| Other liabilities | 425,953 | 423,464 |
| Total Liabilities | 6,769,427 | 7,071,938 |
| Stockholders’ Equity | ||
| Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding | 0 | 0 |
| Common stock, $0.0005 par value, 250,000,000 shares authorized; 163,602,067 shares issued for both periods | 82 | 82 |
| Additional paid-in capital | 2,259,057 | 2,179,604 |
| Accumulated other comprehensive loss, net | (85,127) | (101,610) |
| Accumulated earnings | 4,350,652 | 3,856,826 |
| Treasury stock, at cost, 84,425,787 and 84,428,513 common shares, respectively | (5,938,158) | (5,707,104) |
| Total Stockholders’ Equity | 586,506 | 227,798 |
| Total Liabilities and Stockholders’ Equity | $ 7,355,933 | $ 7,299,736 |
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 business professionals in an organization the opportunity to learn, share, and network. The Consulting segment offers market 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.