Gartner SVP Sells $1,267,085 in Stock (IT)
Gartner (NYSE:IT) SVP Robin B. Kranich sold 17,317 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $73.17, for a total transaction of $1,267,084.89. Following the transaction, the senior vice president now directly owns 8,775 shares of the company’s stock, valued at approximately $642,067. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Gartner from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $75.90 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $75.61.
Gartner (NYSE:IT) traded down 0.12% on Wednesday, hitting $73.69. The stock had a trading volume of 246,757 shares. Gartner has a 1-year low of $56.55 and a 1-year high of $75.61. The stock has a 50-day moving average of $70.9 and a 200-day moving average of $69.83. The company has a market cap of $6.551 billion and a P/E ratio of 35.96.
Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.09. The company had revenue of $519.80 million for the quarter, compared to the consensus estimate of $501.87 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that Gartner will post $2.28 earnings per share for the current fiscal year.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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