Company Research | Gartner

December 7, 2023by Anton Tryhubchenko

Today, we will talk about Gartner, whose shares are among the leaders of growth over the past 3 months.

Over the past 3 months, Gartner stock has risen by +26.1%. At the same time, the technology sector, to which the company belongs, grew by +4.6%, and the S&P 500 index by +1.9%. As you can see, Gartner stock shows better returns than the sector average.

Gartner is a research and consulting company that focuses on IT, finance, and human resources. Its client base includes more than 12K organizations in more than 100 countries. This includes large corporations, government agencies, and investment firms.

The company operates in the information technology industry. It was founded in 1979. In 1985, it was listed on NASDAQ, and in 2017 it was included in the S&P 500 index. For the past 19 years, the company has been headed by Eugene Hall and a team of qualified managers.

The main competitors of Gartner are FIS, Akamai, and Fleetcor. As you can see from the table above, some of them are ahead of Gartner in terms of capitalization, but the company has a number of competitive advantages.
Gartner’s strengths are based on the diversification of its customer base across various industries. This allows it to generate stable cash flows regardless of market conditions. About 73% of Fortune 500 companies are regular Gartner clients. Every year, the company provides almost half a million unique solutions and consultations.

Gartner published its latest report on November 3. Manufacturing costs make up 32% of the revenue structure and gross revenue is 68%. Over the past quarter, the company made a profit of $180M. And its market capitalization is now $37B.
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