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

Shares of Gartner, Inc. (NYSE:IT) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $552.63.

A number of analysts recently issued reports on the company. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Morgan Stanley decreased their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company dropped their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th.

Insider Buying and Selling at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Gartner

Several hedge funds and other institutional investors have recently bought and sold shares of IT. Norges Bank purchased a new stake in shares of Gartner during the 4th quarter valued at $460,541,000. Madison Investment Advisors LLC acquired a new position in Gartner during the 4th quarter valued at about $244,799,000. Raymond James Financial Inc. purchased a new stake in Gartner in the fourth quarter valued at about $165,476,000. BNP Paribas Financial Markets boosted its holdings in Gartner by 184.6% in the fourth quarter. BNP Paribas Financial Markets now owns 390,472 shares of the information technology services provider’s stock worth $189,172,000 after acquiring an additional 253,288 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Gartner by 8.6% during the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock worth $1,367,233,000 after acquiring an additional 223,087 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 1.1 %

Shares of NYSE:IT opened at $466.63 on Friday. The company has a market cap of $35.85 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 3.30 and a beta of 1.29. Gartner has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average price of $509.57 and a 200 day moving average price of $510.31.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.04 earnings per share. As a group, equities research analysts predict that Gartner will post 12.5 earnings per share for the current 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.