Gartner, Inc. (NYSE:IT) Given Consensus Recommendation of “Hold” by Brokerages

Gartner, Inc. (NYSE:IT) has earned an average rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $543.75.

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price target on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Barclays boosted their price target on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Morgan Stanley raised their price objective on Gartner from $560.00 to $564.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

Insider Buying and Selling at Gartner

In other news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock valued at $19,241,974 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Gartner

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Choreo LLC acquired a new stake in Gartner in the second quarter valued at $722,000. Victory Capital Management Inc. grew its holdings in Gartner by 43.3% during the second quarter. Victory Capital Management Inc. now owns 59,140 shares of the information technology services provider’s stock worth $26,557,000 after purchasing an additional 17,874 shares during the period. Assetmark Inc. increased its position in Gartner by 70.0% during the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock worth $2,607,000 after buying an additional 2,118 shares during the last quarter. Federated Hermes Inc. raised its stake in Gartner by 9.0% in the second quarter. Federated Hermes Inc. now owns 59,393 shares of the information technology services provider’s stock valued at $26,671,000 after buying an additional 4,887 shares during the period. Finally, ING Groep NV lifted its position in shares of Gartner by 38.4% in the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock valued at $5,223,000 after buying an additional 2,860 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Down 0.5 %

Shares of NYSE IT opened at $486.96 on Friday. The company’s 50 day simple moving average is $515.35 and its 200 day simple moving average is $492.75. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The firm has a market capitalization of $37.56 billion, a P/E ratio of 35.91, a P/E/G ratio of 3.24 and a beta of 1.31.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $2.56 EPS. On average, analysts predict that Gartner will post 11.89 EPS for the current year.

Gartner Company Profile

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.