Gartner, Inc. (NYSE:IT) Receives $543.75 Average PT from Brokerages

Shares of Gartner, Inc. (NYSE:IT) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $543.75.

Several equities analysts have issued reports on IT shares. Wells Fargo & Company lifted their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Robert W. Baird upped their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price target on Gartner from $560.00 to $564.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Barclays upped their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. 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 note on Wednesday, November 6th.

Insider Buying and Selling at Gartner

In other news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at $3,827,600.94. The trade was a 2.52 % 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 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 transaction of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares in the company, 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 35,583 shares of company stock worth $19,241,974. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

Large investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new position in shares of Gartner during the 3rd quarter worth about $23,311,000. Oddo BHF Asset Management Sas purchased a new stake in Gartner during the 3rd quarter worth approximately $16,819,000. Franklin Resources Inc. raised its holdings in shares of Gartner by 3.3% during the third quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock valued at $422,678,000 after acquiring an additional 25,315 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Gartner by 9.0% in the third quarter. Tidal Investments LLC now owns 8,824 shares of the information technology services provider’s stock valued at $4,472,000 after acquiring an additional 732 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Gartner in the third quarter worth approximately $897,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 0.6 %

Shares of NYSE:IT opened at $489.96 on Friday. The company has a market capitalization of $37.79 billion, a PE ratio of 36.13, a P/E/G ratio of 3.24 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner has a 12-month low of $411.15 and a 12-month high of $559.00. The business’s fifty day simple moving average is $517.92 and its 200-day simple moving average is $492.43.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts predict that Gartner will post 11.89 earnings per share for the current fiscal 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.