Gartner - IT Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IT shares. Morgan Stanley increased their price target on Gartner from $274.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 3rd. BMO Capital Markets lowered their target price on Gartner from $315.00 to $265.00 and set a "market perform" rating on the stock in a research report on Tuesday, June 21st. Wells Fargo & Company upped their target price on Gartner from $305.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 3rd. Robert W. Baird increased their price target on Gartner from $334.00 to $365.00 in a research report on Wednesday, August 3rd. Finally, TheStreet downgraded Gartner from a "b" rating to a "c+" rating in a research note on Tuesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.67.

Gartner Trading Down 0.6 %

Gartner stock traded down $1.74 during trading hours on Wednesday, reaching $314.05. The company had a trading volume of 464,534 shares, compared to its average volume of 528,716. The company has a debt-to-equity ratio of 20.79, a current ratio of 0.62 and a quick ratio of 0.62. The company has a 50-day moving average price of $257.97 and a 200 day moving average price of $273.34. The firm has a market cap of $24.84 billion, a price-to-earnings ratio of 35.41 and a beta of 1.45. Gartner has a 12-month low of $221.39 and a 12-month high of $368.99.

Gartner (NYSE:IT - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The information technology services provider reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.70. Gartner had a return on equity of 497.67% and a net margin of 14.42%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $2.24 EPS. The business's quarterly revenue was up 18.0% compared to the same quarter last year. Equities analysts forecast that Gartner will post 9.08 earnings per share for the current year.

Insider Activity at Gartner

In other Gartner news, EVP Robin B. Kranich sold 1,321 shares of Gartner stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $256.95, for a total transaction of $339,430.95. Following the completion of the transaction, the executive vice president now owns 9,717 shares in the company, valued at $2,496,783.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Robin B. Kranich sold 1,321 shares of the business's stock in a transaction on 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 owns 9,717 shares in the company, valued at $2,496,783.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne Sutherland Fuchs sold 224 shares of the business's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $266.71, for a total value of $59,743.04. Following the completion of the transaction, the director now owns 19,455 shares of the company's stock, valued at approximately $5,188,843.05. The disclosure for this sale can be found here. Insiders have sold 25,040 shares of company stock worth $7,330,637 over the last ninety days. 3.70% of the stock is owned by corporate insiders.