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

Gartner, Inc. (NYSE:IT) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $521.00.

A number of research firms have recently weighed in on IT. Bank of America increased their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. BMO Capital Markets raised 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. Wells Fargo & Company raised Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. Finally, UBS Group increased their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st.

Insider Buying and Selling

In related news, Director Karen E. Dykstra sold 1,683 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $465.55, for a total transaction of $783,520.65. Following the completion of the transaction, the director now owns 19,825 shares in the company, valued at $9,229,528.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related 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 transaction of $783,520.65. Following the completion of the sale, the director now owns 19,825 shares in the company, valued at $9,229,528.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the completion of the transaction, the chief executive officer now owns 1,143,389 shares in the company, valued at $577,228,502.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,770 shares of company stock worth $12,700,121. 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 stock. Sheaff Brock Investment Advisors LLC grew its position in shares of Gartner by 0.5% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock worth $2,210,000 after acquiring an additional 22 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Gartner by 3.0% during the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 22 shares during the period. TIAA Trust National Association grew its position in Gartner by 3.2% during the 1st quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock worth $355,000 after purchasing an additional 23 shares during the last quarter. Mather Group LLC. increased its stake in Gartner by 2.2% in the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 23 shares during the period. Finally, Wallace Advisory Group LLC raised its holdings in shares of Gartner by 2.4% in the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock valued at $440,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Down 0.3 %

Shares of IT opened at $482.70 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.91 and a debt-to-equity ratio of 3.80. The firm has a 50-day moving average price of $459.28 and a 200 day moving average price of $456.06. Gartner has a 12-month low of $323.61 and a 12-month high of $509.15. The firm has a market capitalization of $37.47 billion, a P/E ratio of 48.03, a P/E/G ratio of 3.80 and a beta of 1.33.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.85 EPS. Sell-side analysts forecast that Gartner will post 11.58 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.