Gartner, Inc. (NYSE:IT)‘s stock had its “buy” rating restated by stock analysts at BMO Capital Markets in a note issued to investors on Wednesday. They currently have a $132.00 target price on the information technology services provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 7.39% from the company’s previous close.

IT has been the topic of several other reports. BidaskClub lowered Gartner from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Credit Suisse Group reissued an “outperform” rating and set a $138.00 price target (up from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Zacks Investment Research lowered Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued 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. Finally, TheStreet lowered Gartner from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $126.56.

Gartner (NYSE:IT) traded down 0.14% during mid-day trading on Wednesday, reaching $122.75. The company had a trading volume of 198,945 shares. Gartner has a 12 month low of $84.54 and a 12 month high of $130.02. The stock’s 50-day moving average is $122.00 and its 200 day moving average is $119.16. The firm has a market capitalization of $11.12 billion, a P/E ratio of 252.05 and a beta of 1.07.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. The company had revenue of $843.73 million for the quarter, compared to analyst estimates of $892.64 million. Gartner had a return on equity of 103.10% and a net margin of 1.50%. Gartner’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, analysts predict that Gartner will post $3.41 earnings per share for the current fiscal year.

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In other Gartner news, Director Anne Sutherland Fuchs sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total value of $585,100.00. Following the transaction, the director now directly owns 29,895 shares of the company’s stock, valued at approximately $3,498,312.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Alwyn Dawkins sold 2,438 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $118.63, for a total value of $289,219.94. Following the completion of the transaction, the senior vice president now directly owns 26,137 shares in the company, valued at $3,100,632.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,363 shares of company stock worth $2,775,387. Insiders own 4.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Gartner by 32.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock worth $1,072,104,000 after purchasing an additional 2,125,783 shares during the last quarter. BlackRock Inc. increased its position in Gartner by 5,309.2% in the 1st quarter. BlackRock Inc. now owns 8,174,829 shares of the information technology services provider’s stock worth $882,800,000 after purchasing an additional 8,023,700 shares during the last quarter. Bamco Inc. NY increased its position in Gartner by 0.9% in the 2nd quarter. Bamco Inc. NY now owns 7,055,955 shares of the information technology services provider’s stock worth $871,481,000 after purchasing an additional 60,789 shares during the last quarter. Janus Henderson Group PLC increased its position in Gartner by 1,426.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock worth $528,449,000 after purchasing an additional 3,998,373 shares during the last quarter. Finally, Polen Capital Management LLC increased its position in Gartner by 6.9% in the 2nd quarter. Polen Capital Management LLC now owns 3,972,949 shares of the information technology services provider’s stock worth $490,699,000 after purchasing an additional 257,899 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Gartner (NYSE:IT)

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