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.

Analyst Ratings Changes

IT has been the topic of a number of recent research reports. TheStreet downgraded Gartner from a "b" rating to a "c+" rating in a research report on Tuesday, May 3rd. Bank of America raised shares of Gartner from a "neutral" rating to a "buy" rating and set a $340.00 target price on the stock in a research report on Thursday, April 14th. Morgan Stanley upped their price target on shares of Gartner from $274.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 3rd. BMO Capital Markets cut their price objective on shares of Gartner from $315.00 to $265.00 and set a "market perform" rating on the stock in a report on Tuesday, June 21st. Finally, Barclays upped their target price on Gartner from $265.00 to $315.00 and gave the stock an "equal weight" rating in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.67.

Gartner Stock Up 2.3 %

NYSE:IT traded up $6.67 during midday trading on Wednesday, reaching $300.40. 428,243 shares of the stock traded hands, compared to its average volume of 529,780. The stock has a market capitalization of $24.19 billion, a PE ratio of 33.85 and a beta of 1.45. Gartner has a 12-month low of $221.39 and a 12-month high of $368.99. The company has a debt-to-equity ratio of 20.79, a quick ratio of 0.62 and a current ratio of 0.62. The business has a 50-day moving average of $252.76 and a two-hundred day moving average of $272.15.

Gartner (NYSE:IT - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The information technology services provider reported $2.85 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business posted $2.24 EPS. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities analysts forecast that Gartner will post 9.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Alwyn Dawkins sold 500 shares of the company's stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $250.82, for a total transaction of $125,410.00. Following the transaction, the executive vice president now owns 45,596 shares in the company, valued at $11,436,388.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Gartner news, CEO Eugene A. Hall sold 10,425 shares of the business's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $294.26, for a total transaction of $3,067,660.50. Following the sale, the chief executive officer now owns 1,167,041 shares in the company, valued at approximately $343,413,484.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 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 $11,436,388.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,266 shares of company stock valued at $5,280,144. 3.70% of the stock is currently owned by corporate insiders.