Gartner Inc (NYSE:IT) had its price target hoisted by Royal Bank of Canada from $124.00 to $130.00 in a research report sent to investors on Friday, May 5th. The firm currently has a top pick rating on the information technology services provider’s stock.
A number of other equities research analysts have also recently weighed in on the stock. Macquarie cut shares of Gartner from an outperform rating to a neutral rating in a research report on Friday, January 6th. Barclays PLC lifted their price target on shares of Gartner from $115.00 to $125.00 and gave the company an overweight rating in a research report on Thursday, April 6th. Zacks Investment Research cut shares of Gartner from a hold rating to a sell rating in a research report on Tuesday, March 14th. Cantor Fitzgerald restated an overweight rating and issued a $108.00 price objective on shares of Gartner in a report on Sunday, January 8th. Finally, Credit Suisse Group AG restated a buy rating and issued a $124.00 price objective on shares of Gartner in a report on Tuesday, April 11th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Gartner presently has an average rating of Buy and an average price target of $118.36.
Gartner (NYSE:IT) traded up 0.98% during mid-day trading on Friday, hitting $113.51. 103,422 shares of the stock were exchanged. The company’s 50-day moving average price is $111.86 and its 200 day moving average price is $104.54. Gartner has a 52 week low of $84.54 and a 52 week high of $116.48. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 51.60 and a beta of 1.09.
Gartner (NYSE:IT) last announced 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 net margin of 7.57% and a negative return on equity of 408.56%. The company had revenue of $625.17 million for the quarter, compared to analyst estimates of $612.84 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. Gartner’s revenue was up 12.2% on a year-over-year basis. Equities research analysts expect that Gartner will post $3.48 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in IT. Advisor Group Inc. boosted its position in shares of Gartner by 0.4% in the third quarter. Advisor Group Inc. now owns 2,048 shares of the information technology services provider’s stock valued at $181,000 after buying an additional 8 shares in the last quarter. Teachers Advisors LLC boosted its position in Gartner by 5.9% in the third quarter. Teachers Advisors LLC now owns 69,882 shares of the information technology services provider’s stock worth $6,181,000 after buying an additional 3,907 shares during the period. BlackRock Advisors LLC boosted its position in Gartner by 1.8% in the third quarter. BlackRock Advisors LLC now owns 46,777 shares of the information technology services provider’s stock worth $4,137,000 after buying an additional 809 shares during the period. Mutual of America Capital Management LLC boosted its position in Gartner by 2.4% in the third quarter. Mutual of America Capital Management LLC now owns 62,747 shares of the information technology services provider’s stock worth $5,550,000 after buying an additional 1,494 shares during the period. Finally, Quantbot Technologies LP boosted its position in Gartner by 97.0% in the third quarter. Quantbot Technologies LP now owns 7,163 shares of the information technology services provider’s stock worth $633,000 after buying an additional 3,527 shares during the period. 90.39% of the stock is currently owned by institutional investors.
Gartner Company Profile
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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