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

Gartner, Inc. (NYSE:IT) has been given an average rating of “Hold” by the eight research firms that are presently covering the firm, Marketbeat.com reports. One research 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 1 year price objective among brokers that have issued a report on the stock in the last year is $539.25.

IT has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley lifted their price target on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Robert W. Baird upped their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. 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. Finally, Bank of America upped their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st.

Insider Activity

In other Gartner news, Director James C. Smith sold 2,450 shares of Gartner stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the sale, the director now directly owns 529,844 shares in the company, valued at approximately $293,893,869.92. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 2.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,729 shares of company stock valued at $37,809,011. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gartner

A number of large investors have recently modified their holdings of IT. Eastern Bank bought a new stake in shares of Gartner in the 3rd quarter worth $26,000. Crewe Advisors LLC boosted its holdings in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 67 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Gartner in the 3rd quarter worth about $44,000. True Wealth Design LLC increased its stake in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Up 0.8 %

Shares of NYSE IT opened at $523.13 on Wednesday. The company has a market cap of $40.35 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 3.25 and a beta of 1.32. 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 stock has a 50-day moving average price of $520.24 and a two-hundred day moving average price of $482.02.

Gartner (NYSE:IT) last released its quarterly earnings data 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 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 analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $2.56 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts forecast that Gartner will post 11.89 earnings per share for the current fiscal year.

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.