Gartner, Inc. (IT) Receives New Coverage from Analysts at Goldman Sachs Group Inc

Goldman Sachs Group Inc began coverage on shares of Gartner, Inc. (NYSE:IT) in a research note issued to investors on Wednesday, November 8th, Marketbeat Ratings reports. The firm issued a buy rating and a $146.00 target price on the information technology services provider’s stock.

A number of other research firms also recently issued reports on IT. BMO Capital Markets reaffirmed an outperform rating and issued a $132.00 target price (down previously from $137.00) on shares of Gartner in a research report on Monday, August 14th. BidaskClub downgraded Gartner from a strong-buy rating to a buy rating in a research report on Wednesday, August 9th. Credit Suisse Group restated an outperform rating and set a $138.00 price objective (up previously from $130.00) on shares of Gartner in a report on Wednesday, August 9th. Zacks Investment Research upgraded Gartner from a hold rating to a buy rating and set a $139.00 price objective for the company in a report on Monday, October 16th. Finally, Morgan Stanley boosted their price objective on Gartner from $118.00 to $120.00 and gave the stock an equal weight rating in a report on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $132.60.

Gartner (IT) opened at $118.32 on Wednesday. The firm has a market capitalization of $10,550.00, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.08. Gartner has a twelve month low of $90.37 and a twelve month high of $130.02. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73.

Gartner (NYSE:IT) last issued its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.13. The company had revenue of $828.09 million for the quarter, compared to analyst estimates of $826.09 million. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The company’s quarterly revenue was up 44.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 earnings per share. equities analysts predict that Gartner will post 3.43 EPS for the current year.

In related news, SVP Robin B. Kranich sold 7,487 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the sale, the senior vice president now directly owns 21,298 shares in the company, valued at $2,557,463.84. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.30% of the company’s stock.

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its holdings in shares of Gartner by 466.7% during the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after buying an additional 798 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Gartner in the second quarter valued at $124,000. Bronfman E.L. Rothschild L.P. increased its holdings in Gartner by 9.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock valued at $146,000 after purchasing an additional 103 shares during the period. Commonwealth Bank of Australia increased its holdings in Gartner by 20.0% in the second quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock valued at $148,000 after purchasing an additional 200 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Gartner by 52.4% in the third quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock valued at $183,000 after purchasing an additional 505 shares during the period. Institutional investors own 93.74% of the company’s stock.

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Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

Analyst Recommendations for Gartner (NYSE:IT)

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