Gartner, Inc. (NYSE:IT)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They presently have a $143.00 price objective on the information technology services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 20.51% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Gartner from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research note on Monday, October 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $137.00 target price on shares of Gartner in a research note on Friday, October 13th. BidaskClub downgraded shares of Gartner from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $139.00 target price on shares of Gartner in a research note on Thursday. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 target price on shares of Gartner in a research note on Friday. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $129.50.

Gartner (NYSE:IT) opened at $118.66 on Friday. The company has a market capitalization of $10,750.24, a price-to-earnings ratio of 38.28, a PEG ratio of 2.17 and a beta of 1.08. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 3.68.

Gartner (NYSE:IT) last announced its earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.13. Gartner had a negative net margin of 1.25% and a positive return on equity of 79.86%. The company had revenue of $828.09 million during the quarter, compared to the consensus estimate of $826.09 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s revenue was up 44.3% on a year-over-year basis. equities analysts predict that Gartner will post 3.42 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Gartner, Inc. (IT) Rating Reiterated by Royal Bank Of Canada” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/gartner-inc-it-rating-reiterated-by-royal-bank-of-canada/1680513.html.

In related news, SVP Robin B. Kranich sold 7,487 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $120.08, for a total transaction of $899,038.96. Following the completion of the sale, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at $2,557,463.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total transaction of $585,100.00. Following the sale, the director now directly owns 29,895 shares of the company’s stock, valued at $3,498,312.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,363 shares of company stock valued at $2,775,387. 4.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Gartner by 32.4% during the second quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock valued at $1,072,104,000 after purchasing an additional 2,125,783 shares during the period. Bamco Inc. NY grew its holdings in Gartner by 0.9% during the second quarter. Bamco Inc. NY now owns 7,055,955 shares of the information technology services provider’s stock valued at $871,481,000 after purchasing an additional 60,789 shares during the period. Janus Henderson Group PLC grew its holdings in Gartner by 1,426.9% during the second quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock valued at $528,449,000 after purchasing an additional 3,998,373 shares during the period. Polen Capital Management LLC grew its holdings in Gartner by 6.9% during the second quarter. Polen Capital Management LLC now owns 3,972,949 shares of the information technology services provider’s stock valued at $490,699,000 after purchasing an additional 257,899 shares during the period. Finally, State Street Corp grew its holdings in Gartner by 31.9% during the second quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock valued at $442,867,000 after purchasing an additional 867,040 shares during the period. Hedge funds and other institutional investors own 92.14% of the company’s stock.

About Gartner

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.

Analyst Recommendations for Gartner (NYSE:IT)

Receive News & Ratings for Gartner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.