Gartner, Inc. (NYSE:IT) has earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $118.56.
A number of research firms have weighed in on IT. Zacks Investment Research upgraded Gartner from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $110.00 price objective on shares of Gartner in a research note on Wednesday, April 5th. Barclays PLC raised their target price on Gartner from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 6th. Credit Suisse Group reissued a “buy” rating and issued a $124.00 target price on shares of Gartner in a research note on Tuesday, April 11th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $115.00 target price on shares of Gartner in a research note on Tuesday, April 25th.
In other news, SVP Alwyn Dawkins sold 1,400 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $116.05, for a total transaction of $162,470.00. Following the sale, the senior vice president now directly owns 29,085 shares in the company, valued at approximately $3,375,314.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Peter Sondergaard sold 4,172 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $111.90, for a total transaction of $466,846.80. Following the completion of the sale, the senior vice president now directly owns 93,765 shares in the company, valued at $10,492,303.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,297 shares of company stock worth $5,793,254. Corporate insiders own 4.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of IT. BlackRock Inc. increased its position in Gartner by 5,309.2% in the first quarter. BlackRock Inc. now owns 8,174,829 shares of the information technology services provider’s stock worth $882,800,000 after buying an additional 8,023,700 shares in the last quarter. Janus Capital Management LLC increased its position in Gartner by 62.0% in the first quarter. Janus Capital Management LLC now owns 3,555,481 shares of the information technology services provider’s stock worth $383,956,000 after buying an additional 1,360,165 shares in the last quarter. Alliancebernstein L.P. increased its position in Gartner by 1,983.4% in the first quarter. Alliancebernstein L.P. now owns 1,329,202 shares of the information technology services provider’s stock worth $143,541,000 after buying an additional 1,265,402 shares in the last quarter. Norges Bank acquired a new position in Gartner during the fourth quarter worth about $73,679,000. Finally, Citadel Advisors LLC increased its position in Gartner by 517.8% in the first quarter. Citadel Advisors LLC now owns 582,495 shares of the information technology services provider’s stock worth $62,904,000 after buying an additional 488,205 shares in the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.
Gartner (IT) opened at 126.85 on Tuesday. Gartner has a 1-year low of $84.54 and a 1-year high of $128.29. The firm’s 50-day moving average price is $119.07 and its 200 day moving average price is $108.84. The stock has a market cap of $11.47 billion, a PE ratio of 57.66 and a beta of 1.05.
Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. Gartner had a return on equity of 954.04% and a net margin of 7.22%. The business had revenue of $625.17 million during the quarter, compared to analysts’ expectations of $612.84 million. During the same quarter last year, the business posted $0.67 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts expect that Gartner will post $3.48 EPS for the current year.
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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.
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