Gartner Inc (NYSE:IT) EVP Peter Sondergaard sold 5,500 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $120.76, for a total value of $664,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Gartner Inc (NYSE:IT) traded up $1.27 on Monday, reaching $124.08. The company’s stock had a trading volume of 575,471 shares, compared to its average volume of 914,561. The firm has a market cap of $11,250.00, a P/E ratio of -193.88, a P/E/G ratio of 2.02 and a beta of 1.21. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.92 and a quick ratio of 0.92. Gartner Inc has a 12 month low of $104.86 and a 12 month high of $142.16.
Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.15). The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Gartner had a return on equity of 42.47% and a net margin of 0.10%. Gartner’s revenue for the quarter 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. analysts predict that Gartner Inc will post 3.92 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on IT shares. Morgan Stanley raised their target price on Gartner from $120.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Cantor Fitzgerald restated a “buy” rating and issued a $139.00 target price on shares of Gartner in a research note on Tuesday, February 6th. Piper Jaffray Companies restated a “hold” rating and issued a $136.00 target price on shares of Gartner in a research note on Tuesday, January 30th. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Finally, Zacks Investment Research lowered Gartner from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. 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. Gartner presently has an average rating of “Buy” and a consensus price target of $138.90.
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.
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.