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

by · The Cerbat Gem

Gartner, Inc. (NYSE:IT – Get Free Report) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $552.63.

Several equities analysts have issued reports on the stock. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Morgan Stanley decreased their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th.

Check Out Our Latest Analysis on Gartner

Gartner Trading Down 1.1 %

NYSE IT opened at $466.63 on Friday. Gartner has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock’s fifty day moving average price is $509.57 and its 200-day moving average price is $510.31. The stock has a market cap of $35.85 billion, a P/E ratio of 29.11, a P/E/G ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the firm posted $3.04 EPS. Gartner’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities analysts forecast that Gartner will post 12.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Several institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its position in shares of Gartner by 10.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 26,139 shares of the information technology services provider’s stock valued at $13,246,000 after purchasing an additional 2,549 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Gartner by 17.0% during the third quarter. QRG Capital Management Inc. now owns 3,038 shares of the information technology services provider’s stock valued at $1,540,000 after buying an additional 442 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Gartner by 13.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 709 shares of the information technology services provider’s stock valued at $359,000 after buying an additional 83 shares in the last quarter. Principal Financial Group Inc. increased its stake in Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after acquiring an additional 103,814 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Gartner during the 3rd quarter worth approximately $77,000. Institutional investors own 91.51% of the company’s stock.

Gartner Company Profile

(Get Free Report

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.

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