Gartner, Inc. (NYSE:IT) Receives $521.00 Average Target Price from Analysts

Gartner, Inc. (NYSE:IT) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $529.29.

IT has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday. UBS Group lifted their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price objective on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price target on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

Insider Transactions at Gartner

In other news, Director Karen E. Dykstra sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the transaction, the director now directly owns 19,825 shares of the company’s stock, valued at $9,229,528.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $465.55, for a total transaction of $783,520.65. Following the transaction, the director now owns 19,825 shares of the company’s stock, valued at approximately $9,229,528.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the sale, the executive vice president now owns 56,650 shares of the company’s stock, valued at $28,636,008.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock valued at $32,601,014 in the last three months. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Gartner

Large investors have recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in Gartner during the 1st quarter worth about $36,000. Crewe Advisors LLC boosted its stake in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in shares of Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after buying an additional 54 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Gartner during the 2nd quarter worth about $94,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Gartner by 16.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 275 shares of the information technology services provider’s stock worth $131,000 after buying an additional 38 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of NYSE IT opened at $518.72 on Tuesday. The stock has a market capitalization of $40.27 billion, a price-to-earnings ratio of 51.61, a PEG ratio of 3.21 and a beta of 1.32. The stock’s fifty day simple moving average is $494.50 and its 200 day simple moving average is $465.97. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner has a 52-week low of $323.61 and a 52-week high of $522.00.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.85 earnings per share. As a group, sell-side analysts forecast that Gartner will post 11.65 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.