Gartner, Inc. (NYSE:IT) Receives $521.00 Consensus Price Target from Brokerages

Gartner, Inc. (NYSE:IT) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $529.29.

A number of research firms have recently commented on IT. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. Robert W. Baird raised their target price on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets raised their target price on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, UBS Group raised their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st.

Gartner Stock Down 0.4 %

Shares of NYSE:IT opened at $518.72 on Tuesday. Gartner has a 52-week low of $323.61 and a 52-week high of $522.00. The stock has a market cap of $40.27 billion, a P/E ratio of 51.61, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. The business’s 50 day moving average is $494.50 and its 200 day moving average is $465.97. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. Gartner’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts predict that Gartner will post 11.65 EPS for the current year.

Insider Buying and Selling

In other news, CEO Eugene A. Hall sold 12,082 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total value of $6,099,476.88. Following the completion of the transaction, the chief executive officer now directly owns 1,143,389 shares of the company’s stock, valued at $577,228,502.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Eugene A. Hall sold 12,082 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total value of $6,099,476.88. Following the completion of the transaction, the chief executive officer now directly owns 1,143,389 shares in the company, valued at approximately $577,228,502.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anne Sutherland Fuchs sold 500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.28, for a total value of $252,640.00. Following the sale, the director now directly owns 8,059 shares of the company’s stock, valued at approximately $4,072,051.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,164 shares of company stock valued at $32,601,014. 3.60% of the stock is owned by insiders.

Institutional Trading of Gartner

Several institutional investors and hedge funds have recently bought and sold shares of IT. Moors & Cabot Inc. grew its holdings in Gartner by 3.0% in the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after buying an additional 22 shares in the last quarter. TIAA Trust National Association boosted its stake in Gartner by 3.2% during the 1st quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 23 shares in the last quarter. Mather Group LLC. boosted its stake in Gartner by 2.2% during the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 23 shares in the last quarter. Wallace Advisory Group LLC boosted its stake in Gartner by 2.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock valued at $440,000 after purchasing an additional 23 shares in the last quarter. Finally, Mcdonald Partners LLC boosted its stake in Gartner by 0.5% during the 2nd quarter. Mcdonald Partners LLC now owns 5,550 shares of the information technology services provider’s stock valued at $2,492,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

About Gartner

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.