Gartner (NYSE:IT) has been given a $144.00 price objective by investment analysts at Morgan Stanley in a report issued on Monday, October 15th. The firm currently has a “hold” rating on the information technology services provider’s stock. Morgan Stanley’s target price suggests a potential downside of 2.47% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. TheStreet raised Gartner from a “c” rating to a “b” rating in a research report on Wednesday, August 1st. ValuEngine raised Gartner from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. BMO Capital Markets reissued a “buy” rating and issued a $161.00 price target (up previously from $147.00) on shares of Gartner in a report on Friday, August 31st. Barclays reissued a “buy” rating and issued a $155.00 price target on shares of Gartner in a report on Sunday, August 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $116.00 price target on shares of Gartner in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $147.10.
NYSE:IT traded up $0.86 on Monday, hitting $147.64. 595,959 shares of the stock were exchanged, compared to its average volume of 920,101. The firm has a market capitalization of $13.22 billion, a PE ratio of 44.60, a P/E/G ratio of 2.62 and a beta of 1.23. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.66 and a quick ratio of 0.66. Gartner has a fifty-two week low of $111.57 and a fifty-two week high of $161.21.
Gartner (NYSE:IT) last announced its quarterly earnings results on Thursday, November 1st. The information technology services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.23. Gartner had a return on equity of 36.22% and a net margin of 3.74%. The company had revenue of $922.00 million during the quarter, compared to analyst estimates of $919.96 million. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that Gartner will post 3.67 earnings per share for the current year.
In other news, EVP Alwyn Dawkins sold 6,545 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $146.89, for a total transaction of $961,395.05. Following the sale, the executive vice president now directly owns 32,259 shares in the company, valued at approximately $4,738,524.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mr Thomas Christopher sold 1,400 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $149.81, for a total value of $209,734.00. Following the sale, the executive vice president now owns 18,738 shares in the company, valued at $2,807,139.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,311 shares of company stock worth $1,804,424. 4.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal London Asset Management Ltd. bought a new position in Gartner during the 2nd quarter valued at $4,846,000. Janus Henderson Group PLC boosted its stake in Gartner by 11.6% during the 2nd quarter. Janus Henderson Group PLC now owns 5,238,694 shares of the information technology services provider’s stock valued at $696,223,000 after purchasing an additional 543,074 shares in the last quarter. SG Americas Securities LLC boosted its stake in Gartner by 766.4% during the 2nd quarter. SG Americas Securities LLC now owns 71,986 shares of the information technology services provider’s stock valued at $9,567,000 after purchasing an additional 63,677 shares in the last quarter. FDx Advisors Inc. boosted its stake in Gartner by 11.4% during the 2nd quarter. FDx Advisors Inc. now owns 16,467 shares of the information technology services provider’s stock valued at $2,188,000 after purchasing an additional 1,683 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Gartner by 108.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,018 shares of the information technology services provider’s stock valued at $1,332,000 after purchasing an additional 5,204 shares in the last quarter.
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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