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STAMFORD, CT — John J. Rinello, the Senior Vice President of Global Business Sales at Gartner Inc. (NYSE:IT), has recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Rinello sold 90 shares of Gartner’s common stock on February 27, 2025, at a price of $493.19 per share. The transaction totaled $44,387. InvestingPro data shows Gartner currently trades at a P/E ratio of 30.4, with the stock showing historically low price volatility.
Following this sale, Rinello retains ownership of 3,389 shares in the company. The transaction was executed as a direct ownership sale, as indicated in the SEC filing. According to InvestingPro analysis, Gartner appears overvalued at current levels, with 13 additional exclusive insights available to subscribers.
Gartner Inc., headquartered in Stamford, Connecticut, is a leading research and advisory company providing insights and advice for business leaders across various sectors. The company, with a market capitalization of $37.65 billion, demonstrated solid revenue growth of 6.1% in the last twelve months, maintaining its position as a prominent player in the IT Services industry.
In other recent news, Gartner Inc. reported fourth-quarter results that surpassed analyst expectations. The company posted adjusted earnings per share of $5.45, significantly exceeding the consensus estimate of $3.26. Revenue for the quarter reached $1.7 billion, slightly higher than the anticipated $1.69 billion. Gartner’s contract value, a key indicator of future revenue, grew by 8% year-over-year, reaching $5.3 billion on a foreign exchange neutral basis. For the full year 2024, Gartner reported revenue of $6.3 billion, marking a 6% increase from the previous year, with adjusted earnings per share rising by 24% to $14.09. The Research segment, Gartner’s largest by revenue, grew by 5% in the fourth quarter to $1.31 billion, while the Conferences and Consulting segments experienced growth of 17% and 19%, respectively. The company generated $311 million in free cash flow during the quarter, a 59% increase from the prior year, and for the full year, free cash flow rose by 31% to $1.38 billion. Looking forward to 2025, Gartner’s CEO, Gene Hall, noted plans to continue accelerating hiring to maintain a trajectory of long-term, sustained, double-digit growth.
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