Gartner, Inc. (NYSE:IT)‘s stock had its “buy” rating restated by equities researchers at Robert W. Baird in a report released on Friday. They currently have a $135.00 target price on the information technology services provider’s stock. Robert W. Baird’s price target points to a potential upside of 13.77% from the stock’s previous close.

IT has been the topic of several other reports. Zacks Investment Research raised Gartner from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research report on Monday, October 16th. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $142.00 price objective (up from $130.00) on shares of Gartner in a research report on Friday, July 21st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Gartner in a research report on Thursday, August 31st. TheStreet cut Gartner from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $138.00 price objective (up from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Gartner presently has an average rating of “Buy” and a consensus price target of $129.40.

Gartner (NYSE:IT) traded down $6.94 during trading on Friday, hitting $118.66. The company had a trading volume of 833,633 shares, compared to its average volume of 659,656. The company has a market cap of $10.90 billion, a PE ratio of 38.82, a P/E/G ratio of 2.20 and a beta of 1.08. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 3.68.

Gartner (NYSE:IT) last released its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.13. The business had revenue of $828.09 million for the quarter, compared to analysts’ expectations of $826.09 million. Gartner had a positive return on equity of 79.86% and a negative net margin of 1.25%. The firm’s quarterly revenue was up 44.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. research analysts forecast that Gartner will post 3.42 EPS for the current year.

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In other Gartner 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 completion of the sale, the senior vice president now owns 27,137 shares in the company, valued at approximately $3,218,990.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robin B. Kranich sold 7,487 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $120.08, for a total value of $899,038.96. Following the completion of the sale, the senior vice president now owns 21,298 shares of the company’s stock, valued at approximately $2,557,463.84. The disclosure for this sale can be found here. Insiders sold a total of 23,363 shares of company stock valued at $2,775,387 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its stake in Gartner by 41.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 50,535 shares of the information technology services provider’s stock worth $6,287,000 after buying an additional 14,835 shares in the last quarter. FDx Advisors Inc. increased its stake in Gartner by 5.9% in the 3rd quarter. FDx Advisors Inc. now owns 14,620 shares of the information technology services provider’s stock worth $1,819,000 after buying an additional 818 shares in the last quarter. Global X MANAGEMENT CO LLC increased its stake in Gartner by 41.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,591 shares of the information technology services provider’s stock worth $322,000 after buying an additional 756 shares in the last quarter. Swiss National Bank increased its stake in Gartner by 1.1% in the 3rd quarter. Swiss National Bank now owns 454,090 shares of the information technology services provider’s stock worth $56,493,000 after buying an additional 4,900 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Gartner by 525.5% in the 3rd quarter. Principal Financial Group Inc. now owns 909,985 shares of the information technology services provider’s stock worth $113,211,000 after buying an additional 764,504 shares in the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

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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