Shares of Gartner, Inc. (NYSE:IT – Get Free Report) 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.
Get Our Latest Analysis on Gartner
Insider Buying and Selling at Gartner
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 – Get Free Report) 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.
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