Gartner, Inc. (NYSE:IT) Given Consensus Rating of “Hold” by Analysts

Shares of Gartner, Inc. (NYSE:IT) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $539.25.

A number of brokerages recently issued reports on IT. Deutsche Bank Aktiengesellschaft boosted their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barclays lifted their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their target price on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price target on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st.

Insider Activity at Gartner

In related news, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. This trade represents a 2.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott Hensel sold 5,580 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the transaction, the executive vice president now directly owns 19,724 shares of the company’s stock, valued at approximately $9,664,760. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,729 shares of company stock valued at $37,809,011. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Baron Wealth Management LLC grew its position in Gartner by 4.1% during the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 19 shares during the last quarter. Fortitude Family Office LLC boosted its stake in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Gartner by 3.0% during the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 22 shares during the last quarter. Mather Group LLC. raised its position in Gartner by 2.2% in the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock worth $514,000 after purchasing an additional 23 shares during the period. Finally, Wallace Advisory Group LLC lifted its stake in Gartner by 2.4% in the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 0.8 %

Gartner stock opened at $523.13 on Wednesday. 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 company has a market capitalization of $40.35 billion, a P/E ratio of 38.58, a P/E/G ratio of 3.25 and a beta of 1.32. The firm has a 50 day moving average price of $520.24 and a 200-day moving average price of $482.02. Gartner has a twelve month low of $411.15 and a twelve month high of $559.00.

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