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

Key Points

• Gartner, Inc. has received a consensus rating of "Hold" from analysts, with one sell rating, two hold ratings, and four buy ratings among the seven brokerages covering the firm.
• The average twelve-month target price for Gartner's stock is $482.57, although various brokerages have adjusted their target prices downwards recently.
• Gartner reported an earnings per share (EPS) of $2.98 for the last quarter, surpassing the consensus estimate of $2.72, with quarterly revenue increasing by 4.2% year-over-year.

Gartner, Inc. (NYSE:IT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $482.57.

A number of brokerages have recently issued reports on IT. UBS Group dropped their target price on Gartner from $500.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Morgan Stanley reduced their price target on Gartner from $490.00 to $455.00 and set an "equal weight" rating for the company in a report on Thursday. The Goldman Sachs Group reduced their price target on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays reduced their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, Wells Fargo & Company reduced their price target on Gartner from $400.00 to $345.00 and set an "underweight" rating for the company in a report on Friday, July 18th.

Gartner Trading Down 3.0%

NYSE:IT opened at $328.59 on Monday. The stock's 50 day moving average price is $393.52 and its 200 day moving average price is $436.86. The company has a market capitalization of $25.29 billion, a PE ratio of 20.45 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.64. Gartner has a 52-week low of $326.93 and a 52-week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.26. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts anticipate that Gartner will post 12.5 EPS for the current year.

Insider Buying and Selling

In other news, EVP Robin B. Kranich sold 739 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total value of $322,573.50. Following the completion of the transaction, the executive vice president owned 20,464 shares in the company, valued at $8,932,536. This trade represents a 3.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total value of $1,537,330.55. Following the transaction, the chief financial officer owned 77,890 shares of the company's stock, valued at $35,063,741.30. The trade was a 4.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,426 shares of company stock valued at $2,430,327. Corporate insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC bought a new stake in Gartner during the fourth quarter valued at $27,000. Ransom Advisory Ltd bought a new stake in Gartner during the first quarter valued at $29,000. Itau Unibanco Holding S.A. boosted its position in Gartner by 453.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock valued at $40,000 after acquiring an additional 68 shares during the last quarter. Olde Wealth Management LLC bought a new stake in Gartner during the first quarter valued at $42,000. Finally, Chilton Capital Management LLC bought a new stake in Gartner during the second quarter valued at $47,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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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