Gartner Inc (IT) Receives $148.90 Average PT from Analysts

Gartner Inc (NYSE:IT) has been assigned an average rating of “Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $148.90.

A number of research analysts recently commented on IT shares. Wells Fargo & Co raised their price target on Gartner from $130.00 to $155.00 and gave the stock a “market perform” rating in a research report on Monday, October 1st. Robert W. Baird raised their price target on Gartner from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, September 28th. Barclays restated a “buy” rating and issued a $155.00 price target on shares of Gartner in a research report on Sunday, August 12th. Piper Jaffray Companies restated a “hold” rating and issued a $116.00 price target on shares of Gartner in a research report on Thursday, August 2nd. Finally, Bank of America started coverage on Gartner in a research report on Monday, October 22nd. They issued a “buy” rating on the stock.

Shares of NYSE IT opened at $142.23 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.33. Gartner has a 52 week low of $111.57 and a 52 week high of $161.21. The firm has a market capitalization of $12.95 billion, a P/E ratio of 39.46, a P/E/G ratio of 2.51 and a beta of 1.19.

Gartner (NYSE:IT) last issued its quarterly earnings results on Wednesday, August 1st. The information technology services provider reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. Gartner had a return on equity of 35.04% and a net margin of 2.25%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $985.98 million. During the same quarter last year, the business earned $0.88 earnings per share. Gartner’s revenue was up 18.7% on a year-over-year basis. As a group, equities analysts anticipate that Gartner will post 3.74 EPS for the current year.

In other news, EVP Robin B. Kranich sold 4,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $140.09, for a total transaction of $560,360.00. Following the sale, the executive vice president now directly owns 16,916 shares in the company, valued at $2,369,762.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alwyn Dawkins sold 566 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $139.69, for a total value of $79,064.54. Following the sale, the executive vice president now owns 30,254 shares in the company, valued at $4,226,181.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,306 shares of company stock worth $7,795,227. Company insiders own 4.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Gartner by 135.7% during the third quarter. IFP Advisors Inc now owns 641 shares of the information technology services provider’s stock worth $102,000 after purchasing an additional 369 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Gartner during the second quarter worth about $137,000. Rehmann Capital Advisory Group grew its holdings in shares of Gartner by 122.7% during the second quarter. Rehmann Capital Advisory Group now owns 1,040 shares of the information technology services provider’s stock worth $138,000 after purchasing an additional 573 shares during the last quarter. Federated Investors Inc. PA bought a new stake in shares of Gartner during the second quarter worth about $153,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Gartner during the second quarter worth about $159,000.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Analyst Recommendations for Gartner (NYSE:IT)

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