Barclays Increases Gartner (NYSE:IT) Price Target to $525.00

Gartner (NYSE:IT) had its target price hoisted by analysts at Barclays from $470.00 to $525.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the information technology services provider’s stock. Barclays‘s price objective indicates a potential downside of 2.21% from the company’s current price.

IT has been the topic of several other research reports. Wells Fargo & Company upped their price objective on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. Robert W. Baird increased their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group increased their price target on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America increased their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets increased their price target on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $535.00.

Gartner Stock Up 4.6 %

IT traded up $23.40 on Wednesday, reaching $536.88. The company’s stock had a trading volume of 2,276 shares, compared to its average volume of 366,475. The stock has a market cap of $41.37 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. Gartner has a 1 year low of $392.49 and a 1 year high of $542.13. 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 business’s 50 day moving average is $509.34 and its 200 day moving average is $472.61.

Gartner (NYSE:IT) last issued 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 during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.56 earnings per share. As a group, research analysts forecast that Gartner will post 11.65 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Akhil Jain sold 400 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the sale, the executive vice president now directly 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. In the last ninety days, insiders sold 49,899 shares of company stock valued at $24,959,886. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IT. Janney Montgomery Scott LLC boosted its holdings in shares of Gartner by 0.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,273 shares of the information technology services provider’s stock worth $5,374,000 after buying an additional 59 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Gartner by 4.3% during the 1st quarter. Nordea Investment Management AB now owns 6,370 shares of the information technology services provider’s stock worth $3,075,000 after buying an additional 260 shares during the period. Whittier Trust Co. boosted its holdings in shares of Gartner by 43.5% during the 1st quarter. Whittier Trust Co. now owns 432 shares of the information technology services provider’s stock worth $206,000 after buying an additional 131 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Gartner during the 1st quarter worth $36,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Gartner during the 1st quarter worth $1,121,000. 91.51% of the stock is owned by institutional investors.

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.