Shares of Gartner, Inc. (NYSE:IT) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $131.89.

A number of brokerages have recently issued reports on IT. Goldman Sachs Group began coverage on Gartner in a research note on Wednesday, November 8th. They set a “buy” rating and a $146.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $143.00 price objective on shares of Gartner in a research note on Friday, November 3rd. Piper Jaffray Companies reiterated a “hold” rating and set a $104.00 price objective on shares of Gartner in a research note on Friday, November 3rd. Robert W. Baird reiterated a “buy” rating and set a $135.00 price objective on shares of Gartner in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut Gartner from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd.

Gartner (IT) opened at $119.48 on Thursday. Gartner has a 12-month low of $90.37 and a 12-month high of $130.02. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $11,015.91, a P/E ratio of 39.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06.

Gartner (NYSE:IT) last released its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.13. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The firm had revenue of $828.09 million during the quarter, compared to the consensus estimate of $826.09 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The business’s revenue was up 44.3% on a year-over-year basis. sell-side analysts expect that Gartner will post 3.43 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake 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 valued at $1,072,104,000 after acquiring an additional 2,125,783 shares during the period. Bamco Inc. NY raised its stake 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 valued at $871,481,000 after acquiring an additional 60,789 shares during the period. Janus Henderson Group PLC raised its stake in Gartner by 5.5% in the 3rd quarter. Janus Henderson Group PLC now owns 4,514,836 shares of the information technology services provider’s stock valued at $561,691,000 after acquiring an additional 236,241 shares during the period. Polen Capital Management LLC raised its stake in Gartner by 2.5% in the 3rd quarter. Polen Capital Management LLC now owns 4,072,192 shares of the information technology services provider’s stock valued at $506,621,000 after acquiring an additional 99,243 shares during the period. Finally, State Street Corp increased its position in Gartner by 31.9% during the 2nd quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock worth $442,867,000 after buying an additional 867,040 shares during the period. Institutional investors and hedge funds own 96.43% of the company’s stock.

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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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