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Today, Gartner Inc. (NYSE:IT), a prominent player in the IT Services industry with a market capitalization of $33.2 billion, announced the results of its 2025 Annual Meeting of Stockholders held on May 29, 2025. According to InvestingPro data, the company maintains a solid financial health score and trades at a P/E ratio of 26.6. The information was disclosed in a recent SEC filing.
During the meeting, stockholders voted on three key proposals. The first proposal involved the election of eleven nominees to the company’s Board of Directors. All nominees were successfully elected, with Peter E. Bisson receiving 65,991,485 votes in favor and 414,254 against. Other elected directors include Richard J. Bressler and Raul E. Cesan, among others. For deeper insights into Gartner’s governance and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro.
The second proposal, which sought advisory approval of the compensation for the company’s named executive officers, passed with 61,438,783 votes in favor and 4,673,262 against. The proposal also recorded 310,624 abstentions.
The third proposal involved the ratification of KPMG LLP as Gartner’s independent registered public accounting firm for the fiscal year 2025. This proposal was approved with 66,531,137 votes in favor, 4,303,766 against, and 90,052 abstentions.
The results of these votes reflect the decisions made by the stockholders during the meeting. The information is based on a press release statement included in the SEC filing.
In other recent news, Gartner reported its first-quarter earnings for 2025, surpassing expectations with an adjusted earnings per share (EPS) of $2.98 against a forecasted $2.75. The company’s revenue aligned with expectations at $1.53 billion, marking a steady 4% increase. Despite these positive earnings, Gartner faces challenges, notably a significant renewal cycle with the US Federal Government, where about half of the contracts up for renewal were not renewed. This has contributed to a slower decision-making process among other clients, impacting new business in its Global Technology Sales and Global Business Sales segments.
BMO Capital Markets adjusted its price target for Gartner, raising it slightly to $465 while maintaining a Market Perform rating. This revision reflects Gartner’s strong financial results, despite a less favorable operational outlook. Gartner’s constant currency guidance for 2025 was modestly reduced, but the impact was mitigated by favorable foreign exchange benefits. Analysts at BMO Capital noted that the market had anticipated the churn from the Federal Government and some macroeconomic weaknesses. Gartner’s strategic focus includes investments in AI innovations and expanding its sales force, aiming to maintain its strong market position in research, conferences, and consulting.
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