Gartner, Inc. (NYSE:IT) Receives Average Recommendation of “Hold” from Analysts

Gartner, Inc. (NYSE:IT) has received an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $536.63.

Several equities research analysts have commented on IT shares. UBS Group dropped their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Morgan Stanley cut their price objective on shares of 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 cut shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Robert W. Baird dropped their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gartner

Hedge funds have recently added to or reduced their stakes in the company. Howard Capital Management Inc. lifted its position in Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after buying an additional 19 shares during the last quarter. Gilbert & Cook Inc. raised its stake in shares of Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after acquiring an additional 20 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after acquiring an additional 20 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its stake in shares of Gartner by 1.7% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider’s stock valued at $586,000 after purchasing an additional 20 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Gartner by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock valued at $357,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 0.4 %

Shares of IT stock opened at $420.00 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market cap of $32.26 billion, a P/E ratio of 26.20, a PEG ratio of 3.30 and a beta of 1.29. The company has a 50 day moving average of $492.25 and a 200-day moving average of $505.01. Gartner has a 12-month low of $409.50 and a 12-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, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company earned $3.04 earnings per share. Gartner’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that Gartner will post 12.5 earnings per share for the current year.

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.