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. The Conferences segment offers business professionals in an organization the opportunity to learn, share, and network. The Consulting segment offers market research, custom analysis, and on-the-ground support services. This segment also offers actionable solutions for IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut.
Analyst Ratings Changes
IT has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Gartner from $274.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 3rd. TheStreet upgraded shares of Gartner from a "c+" rating to a "b-" rating in a research report on Wednesday. Barclays lifted their target price on shares of Gartner from $265.00 to $315.00 and gave the company an "equal weight" rating in a research report on Thursday, August 4th. Wells Fargo & Company lifted their price target on shares of Gartner from $305.00 to $345.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 3rd. Finally, BMO Capital Markets decreased their price target on shares of Gartner from $315.00 to $265.00 and set a "market perform" rating on the stock in a research note on Tuesday, June 21st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gartner currently has an average rating of "Moderate Buy" and an average price target of $321.67.
Gartner Stock Down 1.5 %
Gartner stock traded down $4.82 during mid-day trading on Friday, reaching $310.17. The stock had a trading volume of 1,934 shares, compared to its average volume of 479,702. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 3.11 and a beta of 1.45. The company has a 50-day moving average price of $259.15 and a two-hundred day moving average price of $273.49. Gartner has a one year low of $221.39 and a one year high of $368.99. The company has a debt-to-equity ratio of 20.79, a current ratio of 0.62 and a quick ratio of 0.62.
Gartner (NYSE:IT - Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The information technology services provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.70. Gartner had a net margin of 14.42% and a return on equity of 497.67%. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the business posted $2.24 EPS. Gartner's revenue was up 18.0% compared to the same quarter last year. On average, analysts expect that Gartner will post 9.08 EPS for the current fiscal year.
Insiders Place Their Bets
In other Gartner news, EVP Alwyn Dawkins sold 500 shares of the business's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $250.82, for a total value of $125,410.00. Following the completion of the transaction, the executive vice president now owns 45,596 shares of the company's stock, valued at approximately $11,436,388.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Gartner news, EVP Alwyn Dawkins sold 500 shares of the business's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $250.82, for a total value of $125,410.00. Following the completion of the transaction, the executive vice president now owns 45,596 shares of the company's stock, valued at approximately $11,436,388.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robin B. Kranich sold 1,321 shares of the business's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $256.95, for a total value of $339,430.95. Following the completion of the transaction, the executive vice president now directly owns 9,717 shares of the company's stock, valued at approximately $2,496,783.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,040 shares of company stock valued at $7,330,637. 3.70% of the stock is owned by insiders.
