Gartner, Inc. (NYSE:IT) Receives $359.00 Consensus PT from Brokerages

Gartner, Inc. (NYSE:IT – Get Rating) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $359.00.

IT has been the subject of several analyst reports. BMO Capital Markets upped their target price on shares of Gartner from $356.00 to $357.00 and gave the company a “market perform” rating in a research note on Thursday, February 9th. Barclays raised their price target on shares of Gartner from $330.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Friday, December 2nd. StockNews.com started coverage on shares of Gartner in a report on Thursday. They issued a “buy” rating on the stock. Wells Fargo & Company raised their target price on shares of Gartner from $370.00 to $387.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Finally, Morgan Stanley raised their price objective on shares of Gartner from $358.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th.

Gartner Stock Performance

Shares of IT stock opened at $302.49 on Thursday. Gartner has a one year low of $221.39 and a one year high of $358.25. The company has a debt-to-equity ratio of 10.77, a quick ratio of 0.77 and a current ratio of 0.77. The company has a 50 day moving average price of $334.13 and a 200 day moving average price of $322.15. The firm has a market capitalization of $23.91 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 5.04 and a beta of 1.28.

Gartner (NYSE:IT – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The information technology services provider reported $3.70 EPS for the quarter, topping the consensus estimate of $2.57 by $1.13. Gartner had a net margin of 14.75% and a return on equity of 2,645.96%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business posted $2.99 earnings per share. Gartner’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts anticipate that Gartner will post 9.49 EPS for the current year.

Insider Activity

In other news, EVP Scott Hensel sold 3,007 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $355.00, for a total value of $1,067,485.00. Following the sale, the executive vice president now owns 12,885 shares in the company, valued at approximately $4,574,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Eugene A. Hall sold 16,410 shares of Gartner stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $351.33, for a total value of $5,765,325.30. Following the completion of the transaction, the chief executive officer now directly owns 1,148,281 shares of the company’s stock, valued at $403,425,563.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Hensel sold 3,007 shares of Gartner stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $355.00, for a total value of $1,067,485.00. Following the completion of the transaction, the executive vice president now directly owns 12,885 shares of the company’s stock, valued at $4,574,175. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,031 shares of company stock worth $15,047,172. Corporate insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new position in shares of Gartner in the fourth quarter valued at about $25,000. AdvisorNet Financial Inc raised its holdings in Gartner by 105.6% during the 4th quarter. AdvisorNet Financial Inc now owns 74 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 38 shares during the last quarter. Resurgent Financial Advisors LLC bought a new stake in Gartner during the 4th quarter worth about $29,000. Spire Wealth Management raised its holdings in Gartner by 4,300.0% during the 4th quarter. Spire Wealth Management now owns 88 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 86 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Gartner during the 3rd quarter worth about $26,000. 91.86% of the stock is owned by institutional investors.

About Gartner

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.