Insider Selling: Gartner SVP Sells 12,500 Shares of Stock (IT)
Gartner (NYSE:IT) SVP Lewis G. Schwartz sold 12,500 shares of Gartner stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $72.30, for a total transaction of $903,750.00. Following the transaction, the senior vice president now directly owns 38,863 shares in the company, valued at approximately $2,809,795. The sale was disclosed in a document filed with the SEC, which is available at this link.
Gartner (NYSE:IT) traded down 0.79% during mid-day trading on Tuesday, hitting $71.40. 280,619 shares of the company’s stock traded hands. Gartner has a 52-week low of $55.53 and a 52-week high of $75.61. The stock’s 50-day moving average is $70.32 and its 200-day moving average is $68.90. The company has a market cap of $6.442 billion and a price-to-earnings ratio of 36.87.
Gartner (NYSE:IT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.08. The company had revenue of $446.70 million for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter last year, the company posted $0.39 earnings per share. Gartner’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Gartner will post $2.12 earnings per share for the current fiscal year.
A number of research firms have recently commented on IT. Analysts at Barclays raised their price target on shares of Gartner from $72.00 to $80.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Gartner from $69.00 to $75.00 in a research note on Friday, May 2nd. Finally, analysts at Zacks upgraded shares of Gartner from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $67.90 price target on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $74.61.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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