Gartner Inc (NYSE:IT) – Stock analysts at Cantor Fitzgerald dropped their FY2018 earnings estimates for shares of Gartner in a research note issued on Wednesday. Cantor Fitzgerald analyst J. Foresi now anticipates that the information technology services provider will earn $3.93 per share for the year, down from their prior forecast of $3.96. Cantor Fitzgerald has a “Buy” rating and a $139.00 price target on the stock. Cantor Fitzgerald also issued estimates for Gartner’s FY2019 earnings at $4.67 EPS.
Several other equities research analysts have also recently weighed in on the company. TheStreet raised Gartner from a “c+” rating to a “b” rating in a research report on Tuesday. Robert W. Baird lowered their target price on Gartner from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday. BMO Capital Markets lowered their target price on Gartner from $139.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley lowered their target price on Gartner from $131.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Credit Suisse Group restated an “outperform” rating and issued a $142.00 target price (down from $160.00) on shares of Gartner in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $134.30.
Gartner (NYSE:IT) last released its earnings results 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 company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Gartner had a return on equity of 49.06% and a net margin of 0.10%. Gartner’s revenue was up 44.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of IT. Advisory Services Network LLC increased its position in Gartner by 466.7% in the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after buying an additional 798 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Gartner by 52.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock worth $183,000 after purchasing an additional 505 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Gartner in the 3rd quarter worth approximately $185,000. Parkwood LLC bought a new stake in shares of Gartner in the 3rd quarter worth approximately $201,000. Finally, Lourd Capital LLC bought a new stake in shares of Gartner in the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 95.73% of the company’s stock.
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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