Gartner CEO Sells $1,315,735 in Stock (IT)
Gartner (NYSE:IT) CEO Eugene A. Hall sold 17,855 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $73.69, for a total value of $1,315,734.95. Following the sale, the chief executive officer now directly owns 1,171,274 shares of the company’s stock, valued at approximately $86,311,181. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock. The company presently has a consensus rating of “Buy” and an average target price of $75.61.
Shares of Gartner (NYSE:IT) traded up 0.22% on Thursday, hitting $73.85. The stock had a trading volume of 240,454 shares. Gartner has a one year low of $56.55 and a one year high of $75.61. The stock has a 50-day moving average of $70. and a 200-day moving average of $69.85. The company has a market cap of $6.565 billion and a price-to-earnings ratio of 35.91.
Gartner (NYSE:IT) last announced its earnings results 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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