Gartner, Inc. (NYSE:IT) – Investment analysts at William Blair issued their Q1 2018 earnings per share estimates for shares of Gartner in a research note issued on Tuesday. William Blair analyst T. Mchugh anticipates that the information technology services provider will post earnings per share of $0.63 for the quarter. William Blair also issued estimates for Gartner’s Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $0.73 EPS and Q4 2018 earnings at $1.57 EPS.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $142.00 price target (up from $130.00) on shares of Gartner in a research report on Friday, July 21st. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Wednesday, July 19th. BidaskClub downgraded Gartner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Credit Suisse Group reiterated an “outperform” rating and set a $138.00 target price (up from $130.00) on shares of Gartner in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $105.00 price target on shares of Gartner in a research report on Thursday, August 31st. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Gartner has an average rating of “Buy” and an average target price of $126.56.

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Gartner (NYSE IT) traded down 0.64% during trading on Wednesday, hitting $123.76. 77,343 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $121.84 and its 200 day moving average price is $119.13. The stock has a market cap of $11.21 billion, a P/E ratio of 254.13 and a beta of 1.07. Gartner has a 12-month low of $84.54 and a 12-month high of $130.02.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The company had revenue of $843.73 million for the quarter, compared to analyst estimates of $892.64 million. During the same period in the prior year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 38.3% on a year-over-year basis.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its holdings in shares of Gartner by 466.7% during the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock valued at $120,000 after purchasing an additional 798 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Gartner during the 2nd quarter worth approximately $124,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Gartner by 9.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock worth $146,000 after purchasing an additional 103 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Gartner by 20.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after purchasing an additional 200 shares during the last quarter. Finally, Global X Management Co. LLC lifted its holdings in shares of Gartner by 31.6% in the 1st quarter. Global X Management Co. LLC now owns 1,725 shares of the information technology services provider’s stock worth $186,000 after purchasing an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

In other news, SVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $118.62, for a total value of $118,620.00. Following the transaction, the senior vice president now directly owns 27,137 shares in the company, valued at approximately $3,218,990.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $118.92, for a total transaction of $594,600.00. Following the completion of the transaction, the director now owns 27,395 shares in the company, valued at $3,257,813.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,363 shares of company stock valued at $2,775,387. 4.40% of the stock is owned by corporate insiders.

About Gartner

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.

Earnings History and Estimates for Gartner (NYSE:IT)

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