IT Stock Summary and Trading Ideas (Gartner | NYSE:IT)

Based in Stamford, Conn., Gartner provides independent research and analysis on information technology and other related technology industries. Its research is delivered to clients' desktops in the form of reports, briefings, and updates. Typical clients are chief information officers and other business executives who help plan companies' IT budgets. Gartner also provides consulting services. The Company operates through three business segments, namely Research, Conferences and Consulting. The company generates majority of the revenue from Research segment.

Gartner trades on the NYSE stock market under the symbol IT.

As of April 19, 2024, IT stock price declined to $440.38 with 427,562 million shares trading.

IT has a beta of 1.69, meaning it tends to be more sensitive to market movements. IT has a correlation of 0.51 to the broad based SPY ETF.

IT has a market cap of $34.28 billion. This is considered a Large Cap stock.

Last quarter Gartner reported $2 billion in Revenue and $3.04 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.21.

In the last 3 years, IT stock traded as high as $486.54 and as low as $189.45.

The top ETF exchange traded funds that IT belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

IT has outperformed the market in the last year with a return of +38.6%, while the SPY ETF gained +21.2%. However, in the most recent history, IT shares have underperformed the stock market with its stock returning -4.9% in the last 3 month period and -5.2% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

IT support price is $443.72 and resistance is $455.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IT stock will trade within this expected range on the day.