Gartner Inc (IT) Given Average Recommendation of “Buy” by Brokerages

Gartner Inc (NYSE:IT) has earned a consensus recommendation of “Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $131.67.

A number of analysts have commented on IT shares. BMO Capital Markets reissued a “buy” rating and set a $132.00 price objective on shares of Gartner in a report on Wednesday, October 4th. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a report on Monday, October 16th. Morgan Stanley boosted their price objective on Gartner from $118.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $139.00 target price on shares of Gartner in a report on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 target price on shares of Gartner in a report on Friday, November 3rd.

Shares of Gartner (NYSE:IT) traded down $0.30 on Friday, reaching $138.74. The company’s stock had a trading volume of 520,124 shares, compared to its average volume of 473,149. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market cap of $12,580.00, a price-to-earnings ratio of -408.06, a P/E/G ratio of 2.17 and a beta of 1.05. Gartner has a 1 year low of $95.40 and a 1 year high of $142.16.

Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.13. The firm had revenue of $828.09 million during the quarter, compared to analyst estimates of $826.09 million. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. analysts expect that Gartner will post 3.43 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC grew its holdings in Gartner by 5.5% during the third quarter. Janus Henderson Group PLC now owns 4,514,836 shares of the information technology services provider’s stock valued at $561,691,000 after purchasing an additional 236,241 shares during the period. Polen Capital Management LLC lifted its position in shares of Gartner by 2.5% during the third quarter. Polen Capital Management LLC now owns 4,072,192 shares of the information technology services provider’s stock worth $506,621,000 after acquiring an additional 99,243 shares in the last quarter. State Street Corp lifted its position in shares of Gartner by 31.9% during the second quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock worth $442,867,000 after acquiring an additional 867,040 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Gartner by 4.2% during the third quarter. TimesSquare Capital Management LLC now owns 2,231,200 shares of the information technology services provider’s stock worth $277,584,000 after acquiring an additional 89,600 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in shares of Gartner by 15.3% during the third quarter. Artisan Partners Limited Partnership now owns 2,129,523 shares of the information technology services provider’s stock worth $264,934,000 after acquiring an additional 282,571 shares in the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

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Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

Analyst Recommendations for Gartner (NYSE:IT)

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