Analysts expect Gartner, Inc. (NYSE:IT) to post earnings per share of $0.83 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Gartner’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.83. Gartner posted earnings of $0.71 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.9%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, August 8th.

According to Zacks, analysts expect that Gartner will report full-year earnings of $3.47 per share for the current financial year, with EPS estimates ranging from $3.45 to $3.51. For the next financial year, analysts expect that the business will report earnings of $4.20 per share, with EPS estimates ranging from $4.09 to $4.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Gartner.

IT has been the topic of several research analyst reports. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a research note on Wednesday, July 19th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $128.00 price objective on shares of Gartner in a research note on Monday, May 8th. Credit Suisse Group reissued a “buy” rating and issued a $124.00 price target on shares of Gartner in a research note on Tuesday, April 11th. Morgan Stanley lifted their price target on Gartner from $106.00 to $112.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $115.00 price target on shares of Gartner in a research note on Tuesday, April 25th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Gartner has a consensus rating of “Buy” and an average target price of $122.00.

In related news, SVP Alwyn Dawkins sold 1,400 shares of Gartner stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $116.05, for a total value of $162,470.00. Following the sale, the senior vice president now owns 29,085 shares of the company’s stock, valued at $3,375,314.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Peter Sondergaard sold 4,172 shares of Gartner stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $111.90, for a total value of $466,846.80. Following the completion of the sale, the senior vice president now directly owns 93,765 shares in the company, valued at approximately $10,492,303.50. The disclosure for this sale can be found here. Insiders sold a total of 49,297 shares of company stock worth $5,793,254 in the last three months. Company insiders own 4.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its stake in Gartner by 137.5% in the second quarter. Prudential Financial Inc. now owns 122,420 shares of the information technology services provider’s stock worth $15,120,000 after buying an additional 70,883 shares in the last quarter. Genesee Valley Trust Co. increased its stake in Gartner by 14.1% in the second quarter. Genesee Valley Trust Co. now owns 12,956 shares of the information technology services provider’s stock worth $1,600,000 after buying an additional 1,603 shares in the last quarter. Victory Capital Management Inc. increased its stake in Gartner by 35.4% in the second quarter. Victory Capital Management Inc. now owns 15,162 shares of the information technology services provider’s stock worth $1,873,000 after buying an additional 3,963 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Gartner by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 266,099 shares of the information technology services provider’s stock worth $32,866,000 after buying an additional 861 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in Gartner by 249.0% in the second quarter. Virginia Retirement Systems ET AL now owns 17,100 shares of the information technology services provider’s stock worth $2,112,000 after buying an additional 12,200 shares in the last quarter. 87.01% of the stock is currently owned by institutional investors and hedge funds.

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Gartner (NYSE:IT) opened at 126.25 on Tuesday. The stock has a market cap of $11.42 billion, a P/E ratio of 57.39 and a beta of 1.05. Gartner has a 52 week low of $84.54 and a 52 week high of $130.02. The firm has a 50-day moving average price of $125.47 and a 200-day moving average price of $113.06.

Gartner Company Profile

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.

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