Gartner, Inc. (NYSE:IT) Receives Consensus Rating of “Moderate Buy” from Analysts

Gartner, Inc. (NYSE:IT) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $474.50.

Several analysts have recently commented on IT shares. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group dropped their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Robert W. Baird decreased their price objective on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price for the company. Finally, BMO Capital Markets reduced their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd.

Insider Activity at Gartner

In other Gartner news, EVP Alwyn Dawkins sold 600 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $447.63, for a total transaction of $268,578.00. Following the sale, the executive vice president now directly owns 51,583 shares of the company’s stock, valued at approximately $23,090,098.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Alwyn Dawkins sold 600 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $447.63, for a total transaction of $268,578.00. Following the transaction, the executive vice president now owns 51,583 shares in the company, valued at approximately $23,090,098.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 705 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total transaction of $302,437.95. Following the transaction, the director now owns 8,524 shares in the company, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,544 shares of company stock valued at $10,079,813. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Gartner

Several large investors have recently made changes to their positions in the business. BKM Wealth Management LLC bought a new position in Gartner during the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC purchased a new stake in Gartner in the fourth quarter valued at approximately $27,000. MCF Advisors LLC purchased a new stake in Gartner in the fourth quarter valued at approximately $27,000. AdvisorNet Financial Inc grew its position in Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 25 shares during the last quarter. Finally, DSM Capital Partners LLC bought a new position in Gartner during the fourth quarter valued at approximately $32,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 1.0 %

Shares of IT opened at $449.06 on Friday. The company has a 50-day simple moving average of $439.07 and a 200-day simple moving average of $452.18. The firm has a market capitalization of $34.86 billion, a P/E ratio of 44.68, a P/E/G ratio of 3.89 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. Gartner has a 52 week low of $323.61 and a 52 week high of $486.54.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.40. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.88 earnings per share. On average, equities research analysts expect that Gartner will post 11.55 earnings per share for the current year.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.