Gartner Spends $250M on Buybacks as Shares Slide 7% Since April
IT•IT•IT•IT•Gartner repurchased 1.1 million shares totaling $250 million in Q2, using 50% of its $500 million buyback authorization after its stock fell 7% since April. The buybacks have trimmed float by 0.6% year-to-date and are projected to boost quarterly EPS by $0.05.
Gartner executed repurchases of 1.1 million shares totaling $250 million in Q2, deploying half of its $500 million authorization after the share price declined 7% since early April. The company capitalized on recent weakness to lock in lower average costs.
The latest buybacks have reduced the outstanding float by 0.6% year-to-date, tightening supply and supporting per-share metrics. Management projects these repurchases will boost quarterly EPS by approximately $0.05.
Leadership views the stock as undervalued near current levels and remains committed to opportunistic repurchases. The program’s pace will depend on ongoing market volatility and available cash flow.
