Gartner, Inc. (NYSE:IT) Receives $478.50 Average Price Target from Analysts

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

Several research firms recently issued reports on IT. Morgan Stanley lifted their price objective on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Robert W. Baird cut their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. UBS Group lowered their target price on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price for the company.

Insider Buying and Selling at Gartner

In other Gartner news, Director Anne Sutherland Fuchs sold 705 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total value 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 $3,656,710.76. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the sale, the director now directly owns 599,074 shares in the company, valued at $263,167,217.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne Sutherland Fuchs sold 705 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the sale, the director now owns 8,524 shares in the company, valued at $3,656,710.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,544 shares of company stock valued at $10,079,813. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Gartner

Several large investors have recently modified their holdings of IT. MCF Advisors LLC acquired a new position in shares of Gartner in the 4th quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Gartner in the 4th quarter valued at $27,000. AdvisorNet Financial Inc raised its stake in shares of Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 25 shares during the period. DSM Capital Partners LLC purchased a new position in shares of Gartner in the 4th quarter valued at $32,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of Gartner by 7,500.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 75 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of IT stock opened at $470.84 on Thursday. The firm has a market capitalization of $36.55 billion, a price-to-earnings ratio of 46.85, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The business has a fifty day moving average of $446.18 and a 200 day moving average of $454.07. Gartner has a 1 year low of $323.61 and a 1 year high of $486.54.

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

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.