Gartner, Inc. (NYSE:IT) – Equities researchers at William Blair issued their FY2019 earnings estimates for Gartner in a research report issued to clients and investors on Tuesday. William Blair analyst T. Mchugh forecasts that the information technology services provider will post earnings of $4.80 per share for the year.

IT has been the subject of a number of other reports. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a report on Wednesday, July 19th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $130.00 price target (up from $124.00) on shares of Gartner in a report on Friday, May 5th. Royal Bank Of Canada raised their price target on Gartner from $124.00 to $130.00 and gave the stock a “top pick” rating in a report on Friday, May 5th. TheStreet lowered Gartner from a “b” rating to a “c+” rating in a report on Tuesday. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $128.00 price target on shares of Gartner in a report on Monday, May 8th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $126.44.

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Gartner (IT) traded down 1.77% during mid-day trading on Thursday, hitting $117.98. The stock had a trading volume of 351,779 shares. Gartner has a 12 month low of $84.54 and a 12 month high of $130.02. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 242.26 and a beta of 1.05. The firm’s 50-day moving average is $125.93 and its 200 day moving average is $113.97.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The firm had revenue of $843.73 million during the quarter, compared to the consensus estimate of $892.64 million. Gartner had a return on equity of 508.22% and a net margin of 1.50%. The company’s revenue was up 38.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS.

In other Gartner news, SVP Alwyn Dawkins sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $116.05, for a total transaction of $162,470.00. Following the sale, the senior vice president now owns 29,085 shares in the company, valued at $3,375,314.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Peter Sondergaard sold 4,172 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $111.90, for a total value of $466,846.80. Following the sale, the senior vice president now owns 93,765 shares in the company, valued at approximately $10,492,303.50. The disclosure for this sale can be found here. Insiders have sold 49,297 shares of company stock worth $5,793,254 in the last 90 days. Company insiders own 4.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Gartner by 1.2% in the second quarter. Creative Planning now owns 1,950 shares of the information technology services provider’s stock worth $241,000 after buying an additional 23 shares during the last quarter. Isthmus Partners LLC increased its stake in Gartner by 0.3% in the first quarter. Isthmus Partners LLC now owns 9,283 shares of the information technology services provider’s stock worth $1,002,000 after buying an additional 32 shares during the last quarter. Genesee Valley Trust Co. increased its stake in Gartner by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 11,353 shares of the information technology services provider’s stock worth $1,226,000 after buying an additional 35 shares during the last quarter. First Mercantile Trust Co. increased its stake in Gartner by 1.1% in the first quarter. First Mercantile Trust Co. now owns 3,321 shares of the information technology services provider’s stock worth $359,000 after buying an additional 37 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in Gartner by 0.6% in the first quarter. Dynamic Technology Lab Private Ltd now owns 6,511 shares of the information technology services provider’s stock worth $704,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 87.01% of the company’s stock.

Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

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