Gartner, Inc. (NYSE:IT) Given Consensus Rating of “Hold” by Analysts

Shares of Gartner, Inc. (NYSE:IT) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $521.00.

Several equities analysts have issued reports on IT shares. Robert W. Baird boosted their target price on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets increased their price objective on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. UBS Group boosted their target price on shares of 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 upped their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

Gartner Price Performance

Shares of NYSE IT opened at $480.86 on Monday. The stock has a fifty day moving average price of $464.03 and a 200 day moving average price of $456.68. Gartner has a 1-year low of $323.61 and a 1-year high of $509.15. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.91. The company has a market cap of $37.33 billion, a PE ratio of 47.85, a P/E/G ratio of 3.80 and a beta of 1.33.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. Sell-side analysts forecast that Gartner will post 11.58 EPS for the current year.

Insiders Place Their Bets

In related news, Director Anne Sutherland Fuchs sold 705 shares of Gartner stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the transaction, the director now directly owns 8,524 shares in the company, valued at approximately $3,656,710.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anne Sutherland Fuchs sold 705 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total transaction of $302,437.95. Following the sale, the director now owns 8,524 shares of the company’s stock, valued at $3,656,710.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Akhil Jain sold 400 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were 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. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,680 shares of company stock worth $15,581,792. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Gartner by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock valued at $4,277,999,000 after acquiring an additional 60,786 shares during the last quarter. Principal Financial Group Inc. increased its position in Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after purchasing an additional 341,911 shares during the last quarter. Wellington Management Group LLP raised its stake in Gartner by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after purchasing an additional 198,274 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Gartner by 4.6% in the 4th quarter. Brown Advisory Inc. now owns 1,208,914 shares of the information technology services provider’s stock valued at $545,353,000 after purchasing an additional 52,826 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Gartner by 18.5% during the 4th quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock valued at $415,344,000 after buying an additional 143,556 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.