Gartner (NYSE:IT) Sets New 52-Week High at $517.48

Shares of Gartner, Inc. (NYSE:IT) hit a new 52-week high during trading on Thursday . The stock traded as high as $517.48 and last traded at $514.76, with a volume of 4304 shares. The stock had previously closed at $506.49.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Morgan Stanley lifted their price objective on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $521.00.

Gartner Stock Performance

The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day simple moving average is $480.57 and its 200 day simple moving average is $461.49. The stock has a market capitalization of $39.79 billion, a P/E ratio of 50.40, a PEG ratio of 3.89 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $2.85 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts expect that Gartner, Inc. will post 11.59 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the sale, the chief executive officer now directly owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, 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 sale, the chief executive officer now owns 1,143,389 shares in the company, valued at approximately $577,228,502.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of the business’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 transaction of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock valued at $32,601,014 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. boosted 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 acquiring an additional 22 shares in the last quarter. TIAA Trust National Association boosted its stake in shares of Gartner by 3.2% during the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 23 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Gartner by 2.2% during the second 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 last quarter. Wallace Advisory Group LLC increased its stake 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 period. Finally, Coldstream Capital Management Inc. increased its stake in shares of Gartner by 1.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,715 shares of the information technology services provider’s stock valued at $774,000 after buying an additional 25 shares during the period. Institutional investors own 91.51% of the company’s stock.

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.