Gartner Inc (NYSE:IT) – William Blair lowered their Q2 2018 earnings per share (EPS) estimates for Gartner in a research report issued on Tuesday. William Blair analyst T. Mchugh now anticipates that the information technology services provider will post earnings of $1.07 per share for the quarter, down from their previous forecast of $1.10. William Blair also issued estimates for Gartner’s Q4 2018 earnings at $1.46 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $1.28 EPS and Q4 2019 earnings at $1.72 EPS.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Gartner from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Morgan Stanley lifted their price objective on shares of Gartner from $118.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Royal Bank of Canada reissued a “buy” rating and set a $143.00 price objective on shares of Gartner in a report on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $104.00 price target on shares of Gartner in a report on Friday, November 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $137.00 price target on shares of Gartner in a report on Friday, October 13th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $134.30.
Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Gartner had a net margin of 0.10% and a return on equity of 49.06%. The business’s quarterly revenue was up 44.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intellectus Partners LLC grew its holdings in Gartner by 3.5% in the second quarter. Intellectus Partners LLC now owns 4,439 shares of the information technology services provider’s stock worth $548,000 after purchasing an additional 149 shares during the last quarter. Advisor Group Inc. grew its holdings in Gartner by 13.4% in the second quarter. Advisor Group Inc. now owns 2,035 shares of the information technology services provider’s stock worth $251,000 after purchasing an additional 240 shares during the last quarter. 1st Global Advisors Inc. grew its holdings in Gartner by 16.4% in the second quarter. 1st Global Advisors Inc. now owns 2,195 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 310 shares during the last quarter. Fiduciary Trust Co. grew its holdings in Gartner by 8.6% in the fourth quarter. Fiduciary Trust Co. now owns 4,949 shares of the information technology services provider’s stock worth $610,000 after purchasing an additional 393 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in Gartner by 3.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,871 shares of the information technology services provider’s stock worth $1,462,000 after purchasing an additional 422 shares during the last quarter. 95.73% of the stock is currently owned by institutional investors and hedge funds.
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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.
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