Gartner (NYSE:IT) Receiving Somewhat Positive Press Coverage, Analysis Finds
News coverage about Gartner (NYSE:IT) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gartner earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 81 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- RiskVision Recognized Again in 2017 Gartner Magic Quadrant for IT Vendor Risk Management (marketwired.com)
- Gartner Says Worldwide IT Spending Forecast to Grow 2.4 Percent in 2017 (finance.yahoo.com)
- PC shipments hit the lowest level in a decade (finance.yahoo.com)
- Tech Sector Applauds Gartner IT Spending Forecast (finance.yahoo.com)
- IBM Named a Leader in Gartner Magic Quadrant for Data Center Outsourcing and … (prnewswire.com)
Gartner (NYSE IT) traded down 0.28% on Monday, hitting $126.48. The company had a trading volume of 33,278 shares. The stock’s 50-day moving average price is $119.07 and its 200 day moving average price is $108.84. Gartner has a one year low of $84.54 and a one year high of $128.29. The company has a market capitalization of $11.44 billion, a P/E ratio of 57.49 and a beta of 1.05.
Gartner (NYSE:IT) last posted its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. Gartner had a return on equity of 954.04% and a net margin of 7.22%. The firm had revenue of $625.17 million for the quarter, compared to analyst estimates of $612.84 million. During the same period last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts expect that Gartner will post $3.48 EPS for the current fiscal year.
IT has been the topic of several analyst reports. Credit Suisse Group reissued an “outperform” rating and issued a $130.00 target price (up previously from $124.00) on shares of Gartner in a research note on Friday, May 5th. Royal Bank Of Canada increased their target price on Gartner from $124.00 to $130.00 and gave the company a “top pick” rating in a research note on Friday, May 5th. Barclays PLC increased their target price on Gartner from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 6th. Cantor Fitzgerald reissued a “buy” rating and issued a $128.00 target price on shares of Gartner in a research note on Monday, May 8th. Finally, Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Tuesday, May 9th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $118.36.
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In other Gartner news, Director Karen E. Dykstra sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.61, for a total transaction of $301,525.00. Following the completion of the sale, the director now directly owns 18,223 shares of the company’s stock, valued at approximately $2,197,876.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alwyn Dawkins sold 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $116.05, for a total value of $162,470.00. Following the sale, the senior vice president now directly owns 29,085 shares of the company’s stock, valued at $3,375,314.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,297 shares of company stock worth $5,793,254. 4.40% of the stock is owned by company insiders.
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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