Gartner, Inc. (NYSE:IT) Receives $477.60 Consensus Price Target from Brokerages

Gartner, Inc. (NYSE:IT) has received an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $477.60.

A number of analysts have recently issued reports on IT shares. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. BMO Capital Markets raised their price objective on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. UBS Group raised Gartner from a “neutral” rating to a “buy” rating and raised their price objective for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. Morgan Stanley raised their price objective on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday. They issued a “hold” rating and a $507.00 price objective for the company.

Insider Buying and Selling

In related news, EVP Yvonne Genovese sold 560 shares of Gartner stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $457.37, for a total transaction of $256,127.20. Following the completion of the sale, the executive vice president now directly owns 2,398 shares of the company’s stock, valued at approximately $1,096,773.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Gartner news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total value of $2,275,000.00. Following the completion of the transaction, the director now directly owns 638,235 shares of the company’s stock, valued at approximately $290,396,925. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 560 shares of Gartner stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total value of $256,127.20. Following the completion of the transaction, the executive vice president now directly owns 2,398 shares of the company’s stock, valued at $1,096,773.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock valued at $10,598,070. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On Gartner

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new position in shares of Gartner in the 3rd quarter valued at $230,000. RFG Advisory LLC increased its stake in shares of Gartner by 37.2% in the 4th quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock valued at $717,000 after purchasing an additional 431 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Gartner by 169.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock valued at $17,010,000 after purchasing an additional 23,701 shares during the last quarter. Chapin Davis Inc. bought a new position in shares of Gartner in the 4th quarter valued at $960,000. Finally, Stifel Financial Corp increased its stake in shares of Gartner by 32.6% in the 3rd quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock valued at $11,620,000 after purchasing an additional 8,319 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Up 0.1 %

IT stock opened at $449.61 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The business has a 50 day moving average price of $465.53 and a two-hundred day moving average price of $433.82. The company has a market cap of $35.06 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 4.18 and a beta of 1.29. Gartner has a twelve month low of $292.60 and a twelve month high of $486.54.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the company earned $3.70 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Analysts anticipate that Gartner will post 11.36 EPS for the current fiscal year.

Gartner Company Profile

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.