BMO Capital Markets reiterated their outperform rating on shares of Gartner, Inc. (NYSE:IT) in a research note issued to investors on Monday morning. BMO Capital Markets currently has a $132.00 price target on the information technology services provider’s stock, down from their prior price target of $137.00.

IT has been the subject of several other reports. Zacks Investment Research upgraded shares of Gartner from a hold rating to a buy rating and set a $142.00 price target for the company in a report on Wednesday, July 19th. Credit Suisse Group reiterated an outperform rating and set a $130.00 price target (up from $124.00) on shares of Gartner in a report on Friday, May 5th. Royal Bank Of Canada upped their price target on shares of Gartner from $124.00 to $130.00 and gave the stock a top pick rating in a report on Friday, May 5th. TheStreet downgraded shares of Gartner from a b rating to a c+ rating in a report on Tuesday, August 8th. Finally, Cantor Fitzgerald reiterated a buy rating and set a $128.00 price target on shares of Gartner in a report on Monday, May 8th. Four research 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 company. The stock currently has a consensus rating of Buy and an average target price of $126.89.

Gartner (NYSE IT) traded down 0.49% during midday trading on Monday, hitting $117.24. The stock had a trading volume of 187,829 shares. Gartner has a 1-year low of $84.54 and a 1-year high of $130.02. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 240.74 and a beta of 1.05. The company has a 50-day moving average of $125.40 and a 200-day moving average of $114.42.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.05. The company had revenue of $843.73 million during the quarter, compared to the consensus estimate of $892.64 million. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. Equities research analysts forecast that Gartner will post $3.42 EPS for the current year.

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In other Gartner news, Director Karen E. Dykstra sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $120.61, for a total transaction of $301,525.00. Following the sale, the director now owns 18,223 shares of the company’s stock, valued at $2,197,876.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alwyn Dawkins sold 1,400 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 50,297 shares of company stock worth $5,911,874 in the last ninety days. Insiders own 4.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Creative Planning boosted its stake in shares of Gartner by 1.2% in the second quarter. Creative Planning now owns 1,950 shares of the information technology services provider’s stock worth $241,000 after buying an additional 23 shares during the period. Raymond James Trust N.A. boosted its position in Gartner by 1.3% in the second quarter. Raymond James Trust N.A. now owns 1,952 shares of the information technology services provider’s stock worth $241,000 after buying an additional 26 shares during the period. Isthmus Partners LLC boosted its position in Gartner by 0.3% in the first quarter. Isthmus Partners LLC now owns 9,283 shares of the information technology services provider’s stock worth $1,002,000 after buying an additional 32 shares during the period. Genesee Valley Trust Co. boosted its position in Gartner by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 11,353 shares of the information technology services provider’s stock worth $1,226,000 after buying an additional 35 shares during the period. Finally, First Mercantile Trust Co. boosted its position in Gartner by 1.1% in the first quarter. First Mercantile Trust Co. now owns 3,321 shares of the information technology services provider’s stock worth $359,000 after buying an additional 37 shares during the period. 87.56% of the stock is currently owned by institutional investors and hedge funds.

About Gartner

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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