Gartner, Inc. (NYSE:IT) Receives $359.00 Consensus Price Target from Analysts

Gartner, Inc. (NYSE:IT – Get Rating) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $359.00.

IT has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Gartner from $356.00 to $357.00 and gave the company a “market perform” rating in a research report on Thursday, February 9th. Morgan Stanley lifted their target price on Gartner from $358.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Barclays lifted their target price on Gartner from $330.00 to $350.00 and gave the company an “equal weight” rating in a research report on Friday, December 2nd. Wells Fargo & Company lifted their target price on Gartner from $370.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Finally, StockNews.com initiated coverage on Gartner in a research report on Thursday. They set a “buy” rating on the stock.

Gartner Trading Down 1.1 %

Shares of Gartner stock opened at $302.49 on Thursday. The company has a debt-to-equity ratio of 10.77, a quick ratio of 0.77 and a current ratio of 0.77. Gartner has a 52 week low of $221.39 and a 52 week high of $358.25. The stock has a 50 day moving average price of $334.13 and a two-hundred day moving average price of $322.15. The stock has a market capitalization of $23.91 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 5.04 and a beta of 1.28.

Gartner (NYSE:IT – Get Rating) last announced its quarterly earnings data on Tuesday, February 7th. The information technology services provider reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $1.13. Gartner had a return on equity of 2,645.96% and a net margin of 14.75%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm posted $2.99 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities analysts anticipate that Gartner will post 9.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gartner news, EVP Scott Hensel sold 3,007 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $355.00, for a total value of $1,067,485.00. Following the sale, the executive vice president now directly owns 12,885 shares in the company, valued at $4,574,175. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Gartner news, EVP Scott Hensel sold 3,007 shares of the business’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $355.00, for a total value of $1,067,485.00. Following the sale, the executive vice president now directly owns 12,885 shares in the company, valued at $4,574,175. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eugene A. Hall sold 16,410 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $351.33, for a total value of $5,765,325.30. Following the completion of the sale, the chief executive officer now owns 1,148,281 shares in the company, valued at $403,425,563.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,031 shares of company stock valued at $15,047,172. Insiders own 3.70% of the company’s stock.

Institutional Trading of Gartner

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new stake in shares of Gartner during the 4th quarter valued at $327,000. Rockefeller Capital Management L.P. increased its stake in Gartner by 4.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,977 shares of the information technology services provider’s stock worth $1,335,000 after acquiring an additional 187 shares during the last quarter. OLD Mission Capital LLC bought a new position in Gartner in the 4th quarter worth about $38,000. ST Germain D J Co. Inc. increased its stake in Gartner by 45.0% in the 4th quarter. ST Germain D J Co. Inc. now owns 2,110 shares of the information technology services provider’s stock worth $221,000 after acquiring an additional 655 shares during the last quarter. Finally, Natixis increased its stake in Gartner by 382.4% in the 4th quarter. Natixis now owns 23,492 shares of the information technology services provider’s stock worth $7,897,000 after acquiring an additional 18,622 shares during the last quarter. 91.86% of the stock is currently owned by institutional investors.

About Gartner

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.