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

Shares of Gartner, Inc. (NYSE:IT) have earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $539.25.

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday. Bank of America upped their price target on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley raised their price objective on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th.

Insider Transactions at Gartner

In related news, EVP Akhil Jain sold 400 shares of the company’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 transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Akhil Jain sold 400 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Craig Safian sold 6,310 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the sale, the chief financial officer now owns 71,544 shares of the company’s stock, valued at approximately $34,596,532.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,899 shares of company stock valued at $30,317,486 over the last quarter. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Direct Indexing L.P. increased its holdings in Gartner by 11.8% in the first quarter. First Trust Direct Indexing L.P. now owns 1,915 shares of the information technology services provider’s stock worth $913,000 after buying an additional 202 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Gartner during the 1st quarter worth $1,019,000. Mission Wealth Management LP lifted its stake in shares of Gartner by 8.6% in the 1st quarter. Mission Wealth Management LP now owns 493 shares of the information technology services provider’s stock valued at $235,000 after purchasing an additional 39 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Gartner by 23.7% in the first quarter. BNP Paribas Financial Markets now owns 73,439 shares of the information technology services provider’s stock worth $35,006,000 after purchasing an additional 14,092 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Gartner by 0.5% during the first 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 last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 1.3 %

Shares of NYSE:IT opened at $547.75 on Friday. The company has a 50 day moving average of $512.66 and a 200-day moving average of $474.26. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm has a market cap of $42.21 billion, a P/E ratio of 40.39, a P/E/G ratio of 3.14 and a beta of 1.32. Gartner has a twelve month low of $397.43 and a twelve month high of $552.33.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm posted $2.56 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts anticipate 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.