Gartner, Inc. (IT) shares slipped in Q1 due to federal government cost-cutting projections

From Yahoo Finance: 2025-05-19 10:01:00

TimesSquare Capital Management released its first quarter 2025 investor letter, showing a 2.42% (gross) and 2.20% (net) return for its U.S. Focus Growth Strategy, outperforming the Russell Midcap Growth Index’s -7.12% return. Gartner, Inc. (NYSE:IT) was highlighted in the letter, with a one-month return of 14.22% and closing at $448.29 per share on May 16, 2025.

In the Q1 2025 investor letter, TimesSquare Capital U.S. Focus Growth Strategy discussed Gartner, Inc. (NYSE:IT), noting a -14% slip due to federal government cost-cutting projections affecting revenues. Despite this, the company’s revenues and earnings outperformed expectations, with a positive outlook for improved results over the year.

Gartner, Inc. (NYSE:IT) saw 57 hedge fund portfolios holding its stock at the end of Q4, with 35 in the previous quarter. The company reported $1.7 billion in revenue for Q4, an 8% year-over-year increase. While Gartner, Inc. (NYSE:IT) has potential, the focus remains on AI stocks for higher returns in a shorter timeframe.



Read more at Yahoo Finance: Here’s Why Gartner’s (IT) Shares Slipped in Q1