Gartner, Inc. (NYSE:IT) Receives Consensus Rating of "Hold" from Analysts

Shares of Gartner, Inc. (NYSE:IT - Get Free Report) have been assigned an average rating of "Hold" from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $518.67.

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Barclays cut their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Wall Street Zen cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Robert W. Baird cut their price objective on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, UBS Group raised their price target on Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th.

Insider Transactions at Gartner

In related news, EVP William James Wartinbee III sold 538 shares of Gartner stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total value of $241,610.42. Following the completion of the sale, the executive vice president now owns 7,965 shares in the company, valued at approximately $3,577,001.85. The trade was a 6.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 109 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the transaction, the senior vice president now owns 3,280 shares in the company, valued at $1,431,228. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,426 shares of company stock valued at $2,430,327 over the last quarter. Company insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Gartner

A number of institutional investors have recently modified their holdings of IT. Norges Bank bought a new stake in shares of Gartner in the 4th quarter valued at approximately $460,541,000. T. Rowe Price Investment Management Inc. increased its stake in Gartner by 692.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider's stock valued at $447,751,000 after purchasing an additional 932,077 shares during the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Gartner during the fourth quarter worth $244,799,000. GAMMA Investing LLC raised its holdings in shares of Gartner by 40,841.0% during the first quarter. GAMMA Investing LLC now owns 499,071 shares of the information technology services provider's stock worth $209,480,000 after purchasing an additional 497,852 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Gartner in the 4th quarter worth about $165,476,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Price Performance

Shares of NYSE:IT opened at $404.55 on Friday. The firm has a market capitalization of $31.14 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 3.30 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The business's 50 day simple moving average is $423.28 and its 200-day simple moving average is $466.54. Gartner has a 12 month low of $366.05 and a 12 month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $2.93 earnings per share. Gartner's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Gartner will post 12.5 earnings per share for the current fiscal year.

About Gartner

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.

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