Gartner (NYSE:IT) had its price objective reduced by Morgan Stanley from $131.00 to $127.00 in a research note released on Wednesday. They currently have an equal weight rating on the information technology services provider’s stock.

IT has been the subject of a number of other research reports. Zacks Investment Research cut Gartner from a buy rating to a hold rating in a research report on Friday, November 3rd. Cantor Fitzgerald reissued a buy rating and set a $139.00 price objective on shares of Gartner in a research report on Thursday, November 2nd. Piper Jaffray Companies reissued a hold rating and set a $104.00 price objective on shares of Gartner in a research report on Friday, November 3rd. Goldman Sachs Group initiated coverage on Gartner in a research report on Wednesday, November 8th. They set a buy rating and a $146.00 price objective for the company. Finally, Royal Bank of Canada lifted their price objective on Gartner to $98.00 and gave the company a top pick rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Gartner currently has a consensus rating of Buy and a consensus target price of $134.30.

Gartner (IT) opened at $115.49 on Wednesday. Gartner has a twelve month low of $100.33 and a twelve month high of $142.16. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $10,469.28, a price-to-earnings ratio of 35.00, a PEG ratio of 1.78 and a beta of 1.06.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 49.06%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The business’s quarterly revenue was up 44.3% compared to the same quarter last year. analysts expect that Gartner will post 3.94 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its position in shares of Gartner by 466.7% in the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after buying an additional 798 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Gartner by 552.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,475 shares of the information technology services provider’s stock worth $182,000 after buying an additional 1,249 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Gartner by 52.4% in the third quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock worth $183,000 after buying an additional 505 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Gartner in the third quarter worth about $185,000. Finally, Parkwood LLC acquired a new stake in shares of Gartner in the third quarter worth about $201,000. 95.73% of the stock is owned by hedge funds and other institutional investors.

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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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