Gartner Inc. (IT) Given Consensus Rating of “Hold” by Brokerages
Shares of Gartner Inc. (NYSE:IT) have been given an average recommendation of “Hold” by the thirteen ratings firms that are presently covering the firm. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $101.50.
A number of research analysts recently issued reports on the company. Cantor Fitzgerald restated a “buy” rating on shares of Gartner in a report on Friday, August 19th. Zacks Investment Research upgraded Gartner from a “sell” rating to a “hold” rating and set a $110.00 price target on the stock in a report on Tuesday, November 8th. BMO Capital Markets restated a “hold” rating and set a $100.00 price target on shares of Gartner in a report on Friday, August 5th. Morgan Stanley set a $101.00 price target on Gartner and gave the company a “hold” rating in a report on Friday, August 5th. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $90.00 price target (down previously from $93.00) on shares of Gartner in a report on Monday, August 8th.
Gartner (NYSE:IT) opened at 104.06 on Friday. The firm has a 50-day moving average price of $92.34 and a 200 day moving average price of $94.87. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 45.34 and a beta of 1.06. Gartner has a one year low of $77.80 and a one year high of $104.62.
Gartner (NYSE:IT) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The firm had revenue of $574.10 million for the quarter, compared to the consensus estimate of $562.68 million. Gartner had a negative return on equity of 306.16% and a net margin of 7.73%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Equities analysts expect that Gartner will post $2.95 earnings per share for the current fiscal year.
In related news, SVP Alwyn Dawkins sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $94.99, for a total value of $246,974.00. Following the completion of the transaction, the senior vice president now directly owns 19,116 shares in the company, valued at approximately $1,815,828.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in IT. GW&K Investment Management LLC raised its stake in shares of Gartner by 16.5% in the second quarter. GW&K Investment Management LLC now owns 179,337 shares of the company’s stock worth $17,469,000 after buying an additional 25,412 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Gartner by 12.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 303,730 shares of the company’s stock worth $29,586,000 after buying an additional 33,081 shares in the last quarter. Royce & Associates LP raised its stake in shares of Gartner by 0.3% in the second quarter. Royce & Associates LP now owns 480,600 shares of the company’s stock worth $46,815,000 after buying an additional 1,500 shares in the last quarter. AXA bought a new stake in shares of Gartner during the first quarter worth $554,000. Finally, Genesee Valley Trust Co. raised its stake in shares of Gartner by 2.2% in the second quarter. Genesee Valley Trust Co. now owns 11,752 shares of the company’s stock worth $1,145,000 after buying an additional 250 shares in the last quarter. Institutional investors own 91.21% of the company’s stock.
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Gartner Company Profile
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