Market Summary
USD345.01+4.77
Market Closed1.40%
IT Stock Price
IT RSI Chart
IT Valuation
IT Price/Sales (Trailing)
IT Profitability
IT Fundamentals
IT Revenue
IT Earnings
Price Action
52 Week Range
221.39357.40
(Low)(High)
Last 7 days
0.5%
Last 30 days
12.8%
Last 90 days
3.4%
Trailing 12 Months
28.5%
IT Financial Health
IT Investor Care
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 | 356.2B | 22.8B | -0.31% | 3.09% | 36.87 | 15.61 | 14.69% | 1.79% |
PAYX | 39.7B | 4.9B | 2.40% | -11.33% | 26.44 | 8.08 | 9.46% | -19.19% |
SQ | 38.0B | 18.6B | 6.98% | -27.42% | -70.35 | 2.17 | 12.05% | -340.94% |
IT | 25.3B | 5.6B | 12.80% | 28.48% | 31.36 | 4.63 | 14.91% | 16.10% |
BAH | 13.7B | 9.1B | 10.97% | 20.21% | 31.84 | 1.51 | 11.83% | -25.03% |
| MID-CAP | ||||||||
G | 6.9B | 4.4B | -11.19% | -16.26% | 18.98 | 1.57 | - | - |
DXC | 5.5B | 14.8B | 8.99% | -26.84% | 7.64 | 0.37 | -10.79% | 217.70% |
WU | 4.4B | 4.4B | 1.37% | -32.84% | 5.75 | 1.01 | -13.15% | -16.16% |
VRRM | 2.8B | 763.1M | 12.69% | 12.83% | 31.93 | 3.64 | 20.92% | 44.05% |
| SMALL-CAP | ||||||||
CNDT | 709.9M | 3.8B | 12.26% | -39.59% | -2.19 | 0.19 | -6.52% | -372.27% |
RPAY | 601.2M | 286.2M | 14.83% | -51.17% | 46.84 | 2.15 | 19.60% | -31.85% |
HCKT | 599.8M | 289.3M | 4.33% | -5.16% | 12.6 | 2.04 | -0.58% | -15.83% |
UIS | 265.7M | 2.0B | -3.53% | -66.50% | -2.51 | 0.13 | 2.93% | 35.91% |
III | 251.6M | 292.2M | 2.36% | -22.04% | 13.76 | 0.86 | 2.95% | 7.35% |
Financials for Gartner
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 2.7% | 5,622 | 5,476 | 5,277 | 5,102 | 4,893 |
| S&GA Expenses | 1.6% | 2,520 | 2,481 | 2,503 | 2,403 | 2,286 |
| Costs and Expenses | -1.0% | 4,331 | 4,376 | 4,324 | 4,172 | 3,985 |
| EBITDA | 14.9% | 1,345 | 1,171 | 1,141 | 1,245 | - |
| EBITDA Margin | 10.8% | 0.25* | 0.22* | 0.22* | 0.25* | - |
| Earnings Before Taxes | 16.2% | 1,193 | 1,027 | 900 | 867 | 970 |
| EBT Margin | 10.0% | 0.19* | 0.17* | 0.17* | 0.20* | - |
| Interest Expenses | -3.2% | 122 | 126 | 125 | 126 | 124 |
| Net Income | 15.3% | 931 | 808 | 760 | 736 | 802 |
| Net Income Margin | 2.4% | 0.15* | 0.14* | 0.14* | 0.16* | - |
| Free Cahsflow | -2.8% | 1,101 | 1,133 | 1,163 | 1,323 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 1.1% | 7,379 | 7,300 | 6,526 | 6,591 | 6,985 |
| Current Assets | 4.2% | 2,903 | 2,786 | 1,980 | 1,981 | 2,274 |
| Cash Equivalents | 28.0% | 894 | 698 | 529 | 360 | 456 |
| Net PPE | -2.9% | 257 | 265 | 256 | 250 | 258 |
| Goodwill | 0.0% | 2,930 | 2,930 | 2,936 | 2,943 | 2,949 |
| Liabilities | -2.3% | 6,906 | 7,072 | 6,591 | 6,733 | 6,867 |
| Current Liabilities | -4.0% | 3,454 | 3,598 | 3,086 | 3,178 | 3,260 |
| LT Debt, Current | 7.7% | 8.00 | 8.00 | 7.00 | 7.00 | 6.00 |
| LT Debt, Non Current | -0.1% | 2,452 | 2,454 | 2,455 | 2,456 | 2,456 |
| Shareholder's Equity | 107.6% | 473 | 228 | 118 | - | - |
| Retained Earnings | 7.7% | 4,153 | 3,857 | 3,600 | 3,426 | 3,222 |
| Additional Paid-In Capital | 2.0% | 2,223 | 2,180 | 2,162 | 2,137 | 2,108 |
| Shares Outstanding | -1.3% | 79.00 | 80.00 | 82.00 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -0.3% | 1,098 | 1,101 | 1,133 | 1,163 | 1,323 |
| Share Based Compensation | 14.3% | 103 | 91.00 | 94.00 | 93.00 | 95.00 |
| Cashflow From Investing | 131.8% | 37.00 | -117 | -93.34 | -71.60 | -85.24 |
| Cashflow From Financing | 33.5% | -683 | -1,027 | -1,226 | -1,487 | -1,199 |
| Buy Backs | -34.9% | 651 | 1,000 | 1,250 | 1,509 | 1,711 |
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
Returns for IT
Cumulative Returns on IT
20.0%
10-Year Cumulative Returns
19.0%
7-Year Cumulative Returns
21.1%
5-Year Cumulative Returns
39.6%
3-Year Cumulative Returns
What are the long-term rolling returns for IT?
FIve years rolling returns for Gartner.
Annualized Returns
Which funds bought or sold IT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-06-01 | MACQUARIE GROUP LTD | added | 34.71 | 444,191 | 1,896,650 | -% |
2023-05-31 | MBM Wealth Consultants, LLC | unchanged | - | -1,000 | 26,000 | 0.01% |
2023-05-26 | ProShare Advisors LLC | added | 23.86 | 789,611 | 4,730,180 | 0.01% |
2023-05-23 | Front Row Advisors LLC | unchanged | - | -1,000 | 15,000 | 0.01% |
2023-05-23 | Toroso Investments, LLC | added | 202 | 2,275,000 | 3,452,000 | 0.06% |
2023-05-22 | Raleigh Capital Management Inc. | added | 13.33 | 1,488 | 16,614 | 0.01% |
2023-05-22 | FDx Advisors, Inc. | unchanged | - | - | 25,057,000 | 1.09% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -19.26 | -9,645,930 | 34,710,100 | 0.01% |
2023-05-22 | PUTNAM INVESTMENTS LLC | reduced | -8.11 | -19,351,400 | 157,397,000 | 0.25% |
2023-05-22 | Arete Wealth Advisors, LLC | unchanged | - | -1,809,700,000 | 1,756,000 | 0.14% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Gartner News
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 |
IT Fair Value
Recent SEC filings of Gartner
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Jun 02, 2023 | 4 | Insider Trading | |
| Jun 02, 2023 | 4 | Insider Trading | |
| Jun 02, 2023 | 4 | Insider Trading | |
| Jun 02, 2023 | 4 | Insider Trading | |
| Jun 02, 2023 | 4 | Insider Trading | |
| Jun 02, 2023 | 8-K | Current Report | |
| May 31, 2023 | 4 | Insider Trading | |
| May 31, 2023 | 4 | Insider Trading | |
| May 31, 2023 | 4 | Insider Trading | |
| May 31, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for IT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-26 | Herkes Claire | acquired | 275,837 | 180 | 1,527 | evp, conferences |
2023-05-26 | Kranich Robin B | sold | -239,533 | 342 | -700 | evp & chro |
2023-05-26 | Herkes Claire | sold (taxes) | -114,992 | 343 | -335 | evp, conferences |
2023-05-26 | Dawkins Alwyn | sold (taxes) | -720,846 | 343 | -2,100 | evp, global business sales |
2023-05-26 | Dawkins Alwyn | acquired | 914,080 | 114 | 8,000 | evp, global business sales |
2023-05-26 | HALL EUGENE A | back to issuer | -3,122,640 | 343 | -9,097 | ceo |
2023-05-26 | Dawkins Alwyn | back to issuer | -914,101 | 343 | -2,663 | evp, global business sales |
2023-05-26 | Herkes Claire | sold | -1,167,890 | 344 | -3,394 | evp, conferences |
2023-05-26 | Herkes Claire | back to issuer | -275,981 | 343 | -804 | evp, conferences |
2023-05-26 | HALL EUGENE A | acquired | 3,122,610 | 114 | 27,329 | ceo |
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.
IT Income Statement
2023-03-31Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Revenues: | ||
| Total revenues | $ 1,408,869 | $ 1,262,740 |
| Costs and expenses: | ||
| Cost of services and product development | 435,139 | 377,033 |
| Selling, general and administrative | 657,090 | 617,904 |
| Depreciation | 23,896 | 23,201 |
| Amortization of intangibles | 22,735 | 25,148 |
| Acquisition and integration charges | 1,368 | 2,207 |
| Gain from sale of divested operation | (139,316) | 0 |
| Total costs and expenses | 1,000,912 | 1,045,493 |
| Operating income | 407,957 | 217,247 |
| Interest expense, net | (27,391) | (31,394) |
| Gain on event cancellation insurance claims | 3,077 | 0 |
| Other (expense) income, net | (2,366) | 29,206 |
| Income before income taxes | 381,277 | 215,059 |
| Provision for income taxes | 85,494 | 42,544 |
| Net income | $ 295,783 | $ 172,515 |
| Net income per share: | ||
| Basic (in dollars per share) | $ 3.72 | $ 2.10 |
| Diluted (in dollars per share) | $ 3.68 | $ 2.08 |
| Weighted average shares outstanding: | ||
| Basic (in shares) | 79,452 | 82,020 |
| Diluted (in shares) | 80,282 | 82,973 |
| Research | ||
| Revenues: | ||
| Total revenues | $ 1,217,191 | $ 1,136,380 |
| Conferences | ||
| Revenues: | ||
| Total revenues | 64,642 | 10,354 |
| Consulting | ||
| Revenues: | ||
| Total revenues | $ 127,036 | $ 116,006 |
IT Balance Sheet
2023-03-31Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 893,512 | $ 697,999 |
| Fees receivable, net of allowances of $8,000 and $9,000, respectively | 1,523,441 | 1,556,786 |
| Deferred commissions | 343,716 | 363,079 |
| Prepaid expenses and other current assets | 142,650 | 119,207 |
| Assets held-for-sale | 0 | 49,036 |
| Total current assets | 2,903,319 | 2,786,107 |
| Property, equipment and leasehold improvements, net | 256,863 | 264,581 |
| Operating lease right-of-use assets | 415,074 | 436,592 |
| Goodwill | 2,929,941 | 2,930,211 |
| Intangible assets, net | 564,138 | 584,714 |
| Other assets | 309,597 | 297,531 |
| Total Assets | 7,378,932 | 7,299,736 |
| Current liabilities: | ||
| Accounts payable and accrued liabilities | 838,784 | 1,115,198 |
| Deferred revenues | 2,607,072 | 2,443,762 |
| Current portion of long-term debt | 8,400 | 7,800 |
| Liabilities held-for-sale | 0 | 30,840 |
| Total current liabilities | 3,454,256 | 3,597,600 |
| Long-term debt, net of deferred financing fees | 2,452,369 | 2,453,607 |
| Operating lease liabilities | 575,963 | 597,267 |
| Other liabilities | 423,486 | 423,464 |
| Total Liabilities | 6,906,074 | 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 | 2,222,511 | 2,179,604 |
| Accumulated other comprehensive loss, net | (95,910) | (101,610) |
| Accumulated earnings | 4,152,609 | 3,856,826 |
| Treasury stock, at cost, 84,109,645 and 84,428,513 common shares, respectively | (5,806,434) | (5,707,104) |
| Total Stockholders’ Equity | 472,858 | 227,798 |
| Total Liabilities and Stockholders’ Equity | $ 7,378,932 | $ 7,299,736 |