Gartner (IT) Given Average Rating of “Buy” by Analysts

Gartner (NYSE:IT) has received an average rating of “Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $138.00.

IT has been the topic of several research analyst reports. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Cantor Fitzgerald restated a “buy” rating and set a $139.00 price objective on shares of Gartner in a research note on Tuesday, February 6th. Zacks Investment Research upgraded Gartner from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Friday, February 2nd. Royal Bank of Canada restated a “buy” rating and set a $139.00 price objective on shares of Gartner in a research note on Monday, April 9th. They noted that the move was a valuation call. Finally, Morgan Stanley reduced their price objective on Gartner from $131.00 to $127.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th.

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Shares of Gartner stock traded up $1.63 on Wednesday, hitting $116.69. 572,014 shares of the company’s stock traded hands, compared to its average volume of 722,091. The stock has a market cap of $10,451.25, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 1.90 and a beta of 1.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.95. Gartner has a 52-week low of $109.43 and a 52-week high of $142.16.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 42.47%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $0.97 earnings per share. The business’s quarterly revenue was up 44.3% compared to the same quarter last year. equities analysts predict that Gartner will post 3.92 earnings per share for the current fiscal year.

In other Gartner news, EVP Peter Sondergaard sold 5,500 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $120.76, for a total value of $664,180.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alwyn Dawkins sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $122.82, for a total value of $245,640.00. Following the completion of the sale, the executive vice president now owns 32,133 shares in the company, valued at $3,946,575.06. The disclosure for this sale can be found here. Insiders sold 83,855 shares of company stock worth $9,818,666 over the last quarter. 4.30% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. bought a new stake in Gartner in the fourth quarter valued at $145,000. Tower Research Capital LLC TRC increased its holdings in shares of Gartner by 552.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,475 shares of the information technology services provider’s stock valued at $182,000 after purchasing an additional 1,249 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of Gartner during the third quarter valued at $185,000. Advisory Services Network LLC increased its holdings in shares of Gartner by 533.2% during the fourth quarter. Advisory Services Network LLC now owns 1,507 shares of the information technology services provider’s stock valued at $186,000 after purchasing an additional 1,269 shares during the period. Finally, Lourd Capital LLC acquired a new position in shares of Gartner during the fourth quarter valued at $204,000. Institutional investors own 96.72% of the company’s stock.

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Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

Analyst Recommendations for Gartner (NYSE:IT)

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