Gartner, Inc. (NYSE:IT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Gartner, Inc. (NYSE:IT) have been assigned an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $532.86.

IT has been the subject of a number of analyst reports. Robert W. Baird lifted their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Bank of America lifted their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Morgan Stanley lifted their target price on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

Insider Transactions at Gartner

In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction on Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the sale, the director now directly owns 19,825 shares in the company, valued at approximately $9,229,528.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karen E. Dykstra sold 1,683 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $465.55, for a total transaction of $783,520.65. Following the transaction, the director now owns 19,825 shares in the company, valued at $9,229,528.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,582 shares of company stock valued at $25,743,407 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Gartner by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after purchasing an additional 60,786 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Gartner by 5.5% during 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 purchasing an additional 103,814 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Gartner by 1.3% during the 1st quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock worth $290,742,000 after purchasing an additional 7,852 shares during the last quarter. Sustainable Growth Advisers LP acquired a new position in shares of Gartner during the 2nd quarter worth about $266,541,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Gartner by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock worth $262,706,000 after purchasing an additional 56,908 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of Gartner stock opened at $503.69 on Friday. 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 firm has a market cap of $38.81 billion, a P/E ratio of 47.97, a P/E/G ratio of 3.22 and a beta of 1.32. The firm has a 50 day simple moving average of $507.87 and a 200 day simple moving average of $471.18. Gartner has a fifty-two week low of $332.59 and a fifty-two week high of $535.29.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 earnings per share. Sell-side analysts predict that Gartner will post 11.65 earnings per share for the current fiscal 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.