Gartner (NYSE:IT) Raised to “Buy” at StockNews.com

Gartner (NYSE:IT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other research firms have also recently weighed in on IT. Wells Fargo & Company raised their price target on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday. Robert W. Baird lifted their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Finally, Bank of America lifted their target price on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $539.25.

Gartner Stock Up 0.7 %

Shares of NYSE:IT opened at $540.75 on Wednesday. The company’s fifty day moving average is $511.54 and its 200-day moving average is $473.53. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90. Gartner has a 52 week low of $396.60 and a 52 week high of $542.13. The company has a market capitalization of $41.67 billion, a PE ratio of 51.50, a P/E/G ratio of 3.14 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.56 earnings per share. Equities research analysts predict that Gartner will post 11.65 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction dated Thursday, September 12th. The stock was 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 directly owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Claire Herkes sold 478 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,899 shares of company stock worth $24,959,886. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gartner

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baron Wealth Management LLC boosted its holdings in shares of Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 19 shares during the last quarter. Meeder Advisory Services Inc. raised its position in Gartner by 10.7% during the third quarter. Meeder Advisory Services Inc. now owns 1,940 shares of the information technology services provider’s stock worth $983,000 after acquiring an additional 188 shares in the last quarter. AMG National Trust Bank acquired a new stake in Gartner in the third quarter valued at $207,000. Gilbert & Cook Inc. lifted its stake in Gartner by 6.3% in the third quarter. Gilbert & Cook Inc. now owns 1,344 shares of the information technology services provider’s stock valued at $681,000 after acquiring an additional 80 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Gartner by 8.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 37,824 shares of the information technology services provider’s stock valued at $19,168,000 after acquiring an additional 2,875 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.