Gartner (NYSE:IT) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Gartner (NYSE:IT) had its target price boosted by equities research analysts at Robert W. Baird from $579.00 to $605.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the information technology services provider’s stock. Robert W. Baird’s target price indicates a potential upside of 13.27% from the company’s previous close.

IT has been the subject of a number of other reports. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company reduced their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $552.63.

Gartner Price Performance

NYSE:IT opened at $534.12 on Wednesday. The firm has a market capitalization of $41.20 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 3.37 and a beta of 1.34. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $509.71 and a 200 day moving average of $506.06. Gartner has a 52-week low of $411.15 and a 52-week high of $584.01.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. Gartner’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 earnings per share. On average, research analysts expect that Gartner will post 11.87 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Claire Herkes sold 411 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,050 shares of company stock worth $4,292,245. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gartner

Institutional investors have recently modified their holdings of the stock. Czech National Bank raised its stake in shares of Gartner by 6.1% in the third quarter. Czech National Bank now owns 15,697 shares of the information technology services provider’s stock worth $7,955,000 after purchasing an additional 903 shares during the last quarter. GAMMA Investing LLC increased its holdings in Gartner by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,051 shares of the information technology services provider’s stock worth $533,000 after buying an additional 390 shares in the last quarter. Diversified Trust Co purchased a new position in Gartner in the 3rd quarter worth about $201,000. Miracle Mile Advisors LLC boosted its holdings in shares of Gartner by 15.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 548 shares of the information technology services provider’s stock valued at $278,000 after acquiring an additional 73 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of Gartner by 14.1% in the third quarter. Mather Group LLC. now owns 1,231 shares of the information technology services provider’s stock worth $624,000 after acquiring an additional 152 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

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.