Gartner’s (IT) Hold Rating Reaffirmed at Piper Jaffray Companies

Gartner (NYSE:IT)‘s stock had its “hold” rating reaffirmed by Piper Jaffray Companies in a note issued to investors on Tuesday. They currently have a $130.00 price target on the information technology services provider’s stock. Piper Jaffray Companies’ target price suggests a potential downside of 6.62% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Goldman Sachs Group started coverage on shares of Gartner in a report on Wednesday, November 8th. They issued a “buy” rating and a $146.00 target price on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $143.00 price target 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 target on shares of Gartner in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Gartner from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research note on Monday, October 16th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $137.00 price target on shares of Gartner in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Gartner has an average rating of “Buy” and an average target price of $130.70.

Shares of Gartner (NYSE:IT) traded up $0.76 during mid-day trading on Tuesday, reaching $139.21. 386,070 shares of the company traded hands, compared to its average volume of 481,420. Gartner has a 52 week low of $95.40 and a 52 week high of $139.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. The stock has a market capitalization of $12,620.00, a PE ratio of -409.44, a P/E/G ratio of 2.13 and a beta of 1.05.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its stake in shares of Gartner by 466.7% during the 2nd quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock valued at $120,000 after buying an additional 798 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Gartner by 52.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 505 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Gartner during the 3rd quarter valued at $185,000. Parkwood LLC purchased a new position in shares of Gartner during the 3rd quarter valued at $201,000. Finally, TLP Group LLC lifted its stake in shares of Gartner by 4,155.3% during the 2nd quarter. TLP Group LLC now owns 2,000 shares of the information technology services provider’s stock valued at $247,000 after buying an additional 1,953 shares in the last quarter. Institutional investors own 95.35% of the company’s stock.

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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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