Gartner Inc (NYSE:IT) EVP David K. Mcveigh sold 9,968 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $157.05, for a total value of $1,565,474.40. Following the completion of the sale, the executive vice president now owns 8,942 shares of the company’s stock, valued at approximately $1,404,341.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:IT opened at $158.42 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 3.08. Gartner Inc has a 1 year low of $120.89 and a 1 year high of $171.77. The business has a fifty day simple moving average of $145.20 and a 200 day simple moving average of $149.64. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 41.80, a P/E/G ratio of 3.40 and a beta of 1.23.
Gartner (NYSE:IT) last announced its quarterly earnings data on Thursday, October 31st. The information technology services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.27. Gartner had a return on equity of 40.06% and a net margin of 6.04%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $992.84 million. During the same period last year, the company earned $0.85 earnings per share. Gartner’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts forecast that Gartner Inc will post 3.54 EPS for the current year.
Large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its holdings in shares of Gartner by 3.7% during the second quarter. UBS Asset Management Americas Inc. now owns 318,887 shares of the information technology services provider’s stock worth $51,322,000 after acquiring an additional 11,466 shares in the last quarter. Institute for Wealth Management LLC. raised its holdings in Gartner by 16.2% during the second quarter. Institute for Wealth Management LLC. now owns 1,597 shares of the information technology services provider’s stock valued at $257,000 after buying an additional 223 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Gartner by 1.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 123,533 shares of the information technology services provider’s stock valued at $19,881,000 after buying an additional 1,620 shares in the last quarter. Cambridge Trust Co. bought a new position in Gartner during the second quarter valued at about $233,000. Finally, Norris Perne & French LLP MI raised its holdings in Gartner by 0.4% during the second quarter. Norris Perne & French LLP MI now owns 60,108 shares of the information technology services provider’s stock valued at $9,674,000 after buying an additional 257 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.
A number of research firms have recently issued reports on IT. BMO Capital Markets reduced their target price on Gartner to $142.00 and set a “market perform” rating for the company in a report on Wednesday, July 31st. Morgan Stanley reduced their target price on Gartner from $156.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, July 31st. Bank of America increased their target price on Gartner from $150.00 to $172.00 and gave the company a “buy” rating in a report on Monday. ValuEngine upgraded Gartner from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, TheStreet lowered Gartner from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $155.40.
Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.
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