Gartner, Inc. (NYSE:IT)‘s stock had its “buy” rating reaffirmed by equities research analysts at BMO Capital Markets in a research report issued on Friday. They presently have a $137.00 target price on the information technology services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 10.86% from the company’s previous close.

IT has been the topic of several other research reports. Royal Bank Of Canada restated a “top pick” rating and set a $142.00 target price (up previously from $130.00) on shares of Gartner in a research report on Friday, July 21st. Piper Jaffray Companies restated a “hold” rating and set a $105.00 target price on shares of Gartner in a research report on Thursday, August 31st. TheStreet downgraded Gartner from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Credit Suisse Group restated an “outperform” rating and set a $138.00 target price (up previously from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $127.11.

Shares of Gartner (NYSE IT) traded up 0.53% during trading on Friday, hitting $124.24. The stock had a trading volume of 381,642 shares. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 255.11 and a beta of 1.07. Gartner has a 52 week low of $84.54 and a 52 week high of $130.02. The company’s 50 day moving average price is $122.85 and its 200 day moving average price is $119.78.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. Gartner had a return on equity of 103.10% and a net margin of 1.50%. The business had revenue of $843.73 million for the quarter, compared to the consensus estimate of $892.64 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. Gartner’s revenue for the quarter was up 38.3% on a year-over-year basis. Analysts predict that Gartner will post $3.41 earnings per share for the current year.

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In related news, SVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $118.62, for a total value of $118,620.00. Following the transaction, the senior vice president now owns 27,137 shares of the company’s stock, valued at $3,218,990.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robin B. Kranich sold 7,487 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the transaction, the senior vice president now directly owns 21,298 shares in the company, valued at approximately $2,557,463.84. The disclosure for this sale can be found here. In 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 institutional investors and hedge funds have recently added to or reduced their stakes in IT. Vanguard Group Inc. grew its stake in shares of Gartner by 32.4% during the second quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock valued at $1,072,104,000 after buying an additional 2,125,783 shares during the last quarter. Bamco Inc. NY grew its stake in shares of Gartner by 0.9% during the second quarter. Bamco Inc. NY now owns 7,055,955 shares of the information technology services provider’s stock valued at $871,481,000 after buying an additional 60,789 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Gartner by 1,426.9% during the second quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock valued at $528,449,000 after buying an additional 3,998,373 shares during the last quarter. Polen Capital Management LLC grew its stake in shares of Gartner by 6.9% during the second quarter. Polen Capital Management LLC now owns 3,972,949 shares of the information technology services provider’s stock valued at $490,699,000 after buying an additional 257,899 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Gartner by 31.9% during the second quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock valued at $442,867,000 after buying an additional 867,040 shares during the last quarter. 91.95% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Gartner (NYSE:IT)

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