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.

Gartner Trading Up 0.1 %

Gartner stock traded up $0.28 during midday trading on Monday, reaching $295.72. 584,549 shares of the stock traded hands, compared to its average volume of 530,545. The company has a 50-day simple moving average of $252.14 and a two-hundred day simple moving average of $272.00. Gartner has a 12-month low of $221.39 and a 12-month high of $368.99. The firm has a market cap of $23.82 billion, a PE ratio of 33.34 and a beta of 1.45. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 20.79.

Gartner (NYSE:IT - Get Rating) last announced its earnings results on Tuesday, August 2nd. The information technology services provider reported $2.85 EPS for the quarter, beating 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 company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the business posted $2.24 EPS. Gartner's revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts expect that Gartner will post 9.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on IT. Robert W. Baird raised their target price on Gartner from $334.00 to $365.00 in a research note on Wednesday, August 3rd. Wells Fargo & Company raised their price objective on Gartner from $305.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 3rd. Barclays raised their price objective on Gartner from $265.00 to $315.00 and gave the stock an "equal weight" rating in a research report on Thursday. Bank of America raised Gartner from a "neutral" rating to a "buy" rating and set a $340.00 price objective for the company in a research report on Thursday, April 14th. Finally, BMO Capital Markets cut their price objective on Gartner from $315.00 to $265.00 and set a "market perform" rating for the company in a research report on Tuesday, June 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $321.67.

Insider Activity at Gartner

In related news, EVP Alwyn Dawkins sold 500 shares of the firm's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $250.82, for a total transaction of $125,410.00. Following the completion of the transaction, the executive vice president now directly owns 45,596 shares in the company, valued at approximately $11,436,388.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Eugene A. Hall sold 10,425 shares of Gartner stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $294.26, for a total value of $3,067,660.50. Following the completion of the transaction, the chief executive officer now owns 1,167,041 shares in the company, valued at approximately $343,413,484.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alwyn Dawkins sold 500 shares of Gartner stock in a transaction dated Monday, May 23rd. The shares were 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 disclosure for this sale can be found here. Insiders sold 18,266 shares of company stock worth $5,280,144 in the last three months. 3.70% of the stock is owned by company insiders.