Gartner, Inc. (NYSE:IT) Receives Average Rating of “Hold” from Analysts

Gartner, Inc. (NYSE:IT) has been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $525.38.

A number of equities research analysts recently weighed in on IT shares. Robert W. Baird dropped their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Morgan Stanley cut their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their target price on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research note on Friday. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Howard Capital Management Inc. boosted its stake in shares of Gartner by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after buying an additional 19 shares during the last quarter. Gilbert & Cook Inc. boosted its position in Gartner by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after purchasing an additional 20 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Gartner by 2.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after purchasing an additional 20 shares during the period. Sompo Asset Management Co. Ltd. increased its holdings in shares of Gartner by 1.7% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider’s stock valued at $586,000 after purchasing an additional 20 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Gartner by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock valued at $357,000 after purchasing an additional 21 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Down 0.3 %

NYSE:IT opened at $382.25 on Tuesday. The firm has a 50-day simple moving average of $479.61 and a 200-day simple moving average of $501.20. Gartner has a one year low of $366.05 and a one year high of $584.01. The firm has a market cap of $29.36 billion, a P/E ratio of 23.85, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. Equities analysts anticipate that Gartner will post 12.5 EPS for the current fiscal year.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.