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

Shares of Gartner, Inc. (NYSE:IT - Get Free Report) have been given an average recommendation of "Hold" by the nine research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $515.89.

A number of brokerages recently weighed in on IT. Barclays reduced their price target on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company reduced their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Robert W. Baird reduced their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. UBS Group reduced their target price on shares of Gartner from $525.00 to $500.00 and set a "buy" rating for the company in a report on Wednesday, June 18th. Finally, Wall Street Zen cut shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

Gartner Stock Performance

NYSE:IT opened at $393.65 on Thursday. The company has a fifty day simple moving average of $421.66 and a two-hundred day simple moving average of $453.42. The company has a market cap of $30.30 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 2.59 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 $366.05 and a 52 week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last issued 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. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The company's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.93 earnings per share. As a group, equities analysts anticipate that Gartner will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Robin B. Kranich sold 739 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $436.50, for a total transaction of $322,573.50. Following the sale, the executive vice president owned 20,464 shares in the company, valued at approximately $8,932,536. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig Safian sold 3,415 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the sale, the chief financial officer owned 77,890 shares in the company, valued at approximately $35,063,741.30. This trade represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,426 shares of company stock valued at $2,430,327 in the last 90 days. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Gartner

A number of hedge funds have recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Gartner during the 4th quarter valued at $309,000. Jones Financial Companies Lllp lifted its holdings in shares of Gartner by 154.3% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the information technology services provider's stock valued at $245,000 after acquiring an additional 307 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Gartner during the 4th quarter valued at $95,762,000. Daiwa Securities Group Inc. lifted its holdings in shares of Gartner by 7.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 10,505 shares of the information technology services provider's stock valued at $5,089,000 after acquiring an additional 687 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings in shares of Gartner by 28.8% during the 4th quarter. Independent Advisor Alliance now owns 1,097 shares of the information technology services provider's stock valued at $531,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

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.

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