Analysts Set Gartner, Inc. (NYSE:IT) Price Target at $478.50

Shares of Gartner, Inc. (NYSE:IT) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $478.50.

A number of equities research analysts have recently issued reports on the stock. 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 reduced their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Morgan Stanley boosted their target price on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective for the company. Finally, Robert W. Baird cut their price objective on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st.

Gartner Price Performance

NYSE:IT opened at $470.84 on Thursday. Gartner has a one year low of $323.61 and a one year high of $486.54. The company has a market cap of $36.55 billion, a P/E ratio of 46.85, a P/E/G ratio of 4.08 and a beta of 1.33. The firm’s fifty day moving average price is $446.18 and its two-hundred day moving average price is $454.07. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. Gartner’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.88 earnings per share. Equities analysts expect that Gartner will post 11.63 earnings per share for the current year.

Insider Buying and Selling

In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $455.20, for a total value of $4,552,000.00. Following the completion of the transaction, the director now owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $455.20, for a total value of $4,552,000.00. Following the completion of the transaction, the director now owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Sutherland Fuchs sold 705 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the transaction, the director now directly owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. Insiders sold 22,544 shares of company stock valued at $10,079,813 over the last quarter. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BSW Wealth Partners increased its stake in shares of Gartner by 3.7% in the fourth quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock valued at $278,000 after buying an additional 22 shares during the period. Allworth Financial LP increased its stake in shares of Gartner by 2.8% in the fourth quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock valued at $364,000 after buying an additional 22 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in Gartner by 0.5% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock valued at $2,210,000 after purchasing an additional 22 shares during the period. TIAA Trust National Association increased 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 valued at $355,000 after purchasing an additional 23 shares during the period. Finally, Mather Group LLC. increased its position in Gartner by 2.2% during the 2nd 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. Institutional investors and hedge funds 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.