Gartner (NYSE:IT)‘s stock had its “buy” rating reaffirmed by equities researchers at Cantor Fitzgerald in a report issued on Tuesday. They currently have a $139.00 target price on the information technology services provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 16.37% from the stock’s previous close.

The analysts wrote, “4Q17 revenues top estimates. Total revenue was $1,064.6 mn (+13% organic cc) vs. our estimate of $1,045.4 mn and the $1,043.3 mn FactSet consensus. Research revenue was $731.5 mn vs. our estimate of $716.9 mn (+17% organic cc). Consulting revenue was $85.3 mn vs. our estimate of $85.9 mn (+3% y/y organic cc). Events revenue was $168.7 mn vs. our estimate of $167.8 mn (+5% organic cc). New Talent Assessment & Other segment revenues were $79.1 mn vs. our estimate of $74.8 mn. The deferred revenue fair value assessment was $50.1 mn vs. our estimate of $48.0 mn. Non-GAAP EPS was $1.17, vs. our estimate of $1.32 and consensus of the same. The earnings miss looks to be driven by higher than expected SG&A expenses. Performance table is on p. 2.””

Other equities research analysts have also recently issued reports about the company. Morgan Stanley lifted their price objective on Gartner from $118.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, October 23rd. Zacks Investment Research cut Gartner from a “buy” rating to a “hold” rating in a research note on Monday. Piper Jaffray Companies reissued a “hold” rating and set a $130.00 target price on shares of Gartner in a research note on Tuesday, January 23rd. Royal Bank of Canada reissued a “buy” rating and set a $143.00 target price on shares of Gartner in a research note on Friday, November 3rd. Finally, Robert W. Baird reissued a “buy” rating and set a $135.00 target price on shares of Gartner in a research note on Friday, November 3rd. Four investment 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. Gartner presently has a consensus rating of “Buy” and a consensus price target of $134.30.

Shares of Gartner (IT) opened at $119.45 on Tuesday. Gartner has a one year low of $97.96 and a one year high of $142.16. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $10,830.00, a price-to-earnings ratio of 3,981.67, a PEG ratio of 1.89 and a beta of 1.06.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.15). Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was up 44.3% compared to the same quarter last year. sell-side analysts predict that Gartner will post 3.44 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank grew its stake in Gartner by 1.1% during the 4th quarter. Swiss National Bank now owns 459,090 shares of the information technology services provider’s stock worth $56,537,000 after purchasing an additional 5,000 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Gartner by 1,219.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 34,536 shares of the information technology services provider’s stock worth $4,253,000 after buying an additional 31,919 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Gartner by 10.8% during the 4th quarter. California Public Employees Retirement System now owns 271,786 shares of the information technology services provider’s stock worth $33,470,000 after buying an additional 26,490 shares during the last quarter. Allegis Investment Advisors LLC lifted its holdings in Gartner by 20.5% during the 4th quarter. Allegis Investment Advisors LLC now owns 11,097 shares of the information technology services provider’s stock worth $1,367,000 after buying an additional 1,888 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Gartner by 3.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,871 shares of the information technology services provider’s stock worth $1,462,000 after buying an additional 422 shares during the last quarter. 95.73% of the stock is owned by hedge funds and other institutional investors.

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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)

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