Analysts Set Gartner, Inc. (NYSE:IT) PT at $552.63

Shares of Gartner, Inc. (NYSE:IT) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four 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 $552.63.

A number of equities research analysts have issued reports on IT shares. Morgan Stanley decreased their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Robert W. Baird lifted their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th.

Gartner Stock Performance

NYSE:IT opened at $514.02 on Monday. The stock has a market cap of $39.65 billion, a P/E ratio of 32.07, a PEG ratio of 3.50 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The business’s 50-day moving average price is $510.12 and its two-hundred day moving average price is $507.95. Gartner has a twelve month low of $411.15 and a twelve month high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business posted $3.04 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts predict that Gartner will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Gartner news, Director James C. Smith sold 5,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total value of $2,620,100.00. Following the transaction, the director now owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,690 shares of company stock worth $2,981,025. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Gartner during the fourth quarter valued at about $460,541,000. Madison Investment Advisors LLC bought a new position in Gartner during the fourth quarter valued at approximately $244,799,000. Raymond James Financial Inc. purchased a new position in Gartner during the 4th quarter valued at approximately $165,476,000. Fisher Funds Management LTD bought a new stake in Gartner in the 4th quarter worth approximately $97,518,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $95,762,000. 91.51% of the stock is currently owned by institutional investors.

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.