Gartner, Inc. (NYSE:IT) Given Average Recommendation of “Hold” by Brokerages

Shares of Gartner, Inc. (NYSE:IT) have received an average rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $477.60.

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target on the stock. Morgan Stanley raised their price target on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and lifted their target price for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, BMO Capital Markets lifted their target price on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th.

Insider Activity

In other news, EVP Yvonne Genovese sold 560 shares of the business’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Yvonne Genovese sold 560 shares of Gartner stock in a transaction that occurred 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 owns 2,398 shares in the company, valued at $1,096,773.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,952 shares of company stock valued at $10,598,070. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IT. OFI Invest Asset Management purchased a new stake in shares of Gartner in the 3rd quarter valued at approximately $25,000. BKM Wealth Management LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $26,000. MCF Advisors LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $27,000. Finally, VisionPoint Advisory Group LLC increased its position in shares of Gartner by 254.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 0.6 %

Shares of Gartner stock opened at $443.06 on Tuesday. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a fifty day moving average price of $464.91 and a 200 day moving average price of $436.38. Gartner has a 1 year low of $292.60 and a 1 year high of $486.54. The stock has a market cap of $34.55 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29.

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