Gartner (NYSE:IT) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Gartner (NYSE:IT) from a hold rating to a buy rating in a report issued on Wednesday.

IT has been the topic of a number of other research reports. UBS Group raised their target price on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company raised their price target on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday. BMO Capital Markets raised their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, Barclays lifted their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $539.25.

Gartner Trading Up 1.2 %

IT stock opened at $547.40 on Wednesday. The company has a market capitalization of $42.18 billion, a PE ratio of 40.37, a P/E/G ratio of 3.27 and a beta of 1.32. Gartner has a 12 month low of $397.43 and a 12 month high of $552.33. The firm’s 50-day moving average is $512.66 and its 200 day moving average is $474.42. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 0.90.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 EPS. On average, research analysts anticipate that Gartner will post 11.88 EPS for the current year.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now directly owns 554,274 shares of the company’s stock, valued at approximately $296,957,838.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now directly owns 554,274 shares of the company’s stock, valued at $296,957,838.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,899 shares of company stock valued at $30,317,486. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Gartner

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Gartner by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after buying an additional 60,786 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after buying an additional 103,814 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Gartner by 1.3% during the first quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock worth $290,742,000 after buying an additional 7,852 shares in the last quarter. Sustainable Growth Advisers LP purchased a new stake in shares of Gartner during the second quarter worth $266,541,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Gartner by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock worth $262,706,000 after buying an additional 56,908 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.