Gartner Stock Surges After Q2 Beat, Higher Outlook, and Fresh Buyback Boost

Gartner, Inc. (IT) is up 17.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp move higher appears tied to a strong second-quarter report that showed earnings, cash flow, and adjusted profitability ahead of management’s expectations, alongside an increase to full-year adjusted EBITDA, adjusted EPS, and free cash flow guidance. Investors also seem to be responding to signs of improving contract value growth and another large step-up in share repurchases.

Details:

Second-quarter diluted EPS rose 33.1% to $4.14, while adjusted EPS increased 23.8% to $4.37.

Gartner said adjusted revenue grew 2.8% and adjusted EBITDA excluding the divested operation rose 6.4%, with free cash flow up 8.9%.

Total contract value on an FX-neutral basis reached $5.3 billion, up 1.7% year over year, and management said contract value growth accelerated again.

The company repurchased 3.6 million shares for $547 million during the quarter, and the board added another $500 million to the buyback authorization in July 2026.

Sources:

Gartner, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$IT Insider Trading Activity

$IT insiders have traded $IT stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $IT stock by insiders over the last 6 months:

JOHN J RINELLO (SVP, Global Business Sales) purchased 50 shares for an estimated $7,706

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$IT Hedge Fund Activity

We have seen 277 institutional investors add shares of $IT stock to their portfolio, and 472 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

HARRIS ASSOCIATES L P added 2,171,790 shares (+225.3%) to their portfolio in Q1 2026, for an estimated $343,881,228
CAPITAL INTERNATIONAL INVESTORS removed 1,981,254 shares (-49.5%) from their portfolio in Q1 2026, for an estimated $313,711,758
BAMCO INC /NY/ added 1,704,659 shares (+40.5%) to their portfolio in Q1 2026, for an estimated $269,915,706
AQR CAPITAL MANAGEMENT LLC added 1,675,259 shares (+88.5%) to their portfolio in Q1 2026, for an estimated $265,260,510
FEDERATED HERMES, INC. added 1,650,402 shares (+4113.0%) to their portfolio in Q1 2026, for an estimated $261,324,652
J. STERN & CO. LLP removed 1,536,890 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $243,351,162
INDEPENDENT FRANCHISE PARTNERS LLP added 1,292,205 shares (+39.1%) to their portfolio in Q1 2026, for an estimated $204,607,739

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$IT Government Contracts

We have seen $41,668,784 of award payments to $IT over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

GARTNER SEATED SUBSCRIPTIONS AND CONSULTING SUPPORT: $4,110,825
RESEARCH AND ADVISORY SERVICES: $1,953,555
FEDLINK GARTNER SUBSCRIPTION RENEWAL AWARD: $1,220,270

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$IT Congressional Stock Trading

Members of Congress have traded $IT stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $IT stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/13 and 1 sale worth up to $15,000 on 04/14.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$IT Price Targets

Multiple analysts have issued price targets for $IT recently. We have seen 7 analysts offer price targets for $IT in the last 6 months, with a median target of $164.0.

Here are some recent targets:

Jason Haas from Wells Fargo set a target price of $120.0 on 06/24/2026
Joshua Chan from UBS set a target price of $164.0 on 06/12/2026
Ashish Sabadra from RBC Capital set a target price of $160.0 on 05/06/2026
Toni Kaplan from Morgan Stanley set a target price of $183.0 on 05/06/2026
George Tong from Goldman Sachs set a target price of $171.0 on 04/28/2026
Manav Patnaik from Barclays set a target price of $150.0 on 04/10/2026
Jasper Bibb from Truist Securities set a target price of $170.0 on 02/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.