Gartner Inc (IT) Receives $148.75 Average Target Price from Analysts

Shares of Gartner Inc (NYSE:IT) have earned a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $148.75.

Several research firms have recently issued reports on IT. Morgan Stanley set a $144.00 price objective on shares of Gartner and gave the stock a “hold” rating in a research report on Monday, October 15th. Piper Jaffray Companies lowered shares of Gartner from a “neutral” rating to an “underweight” rating in a research report on Friday, November 2nd. BMO Capital Markets dropped their price objective on shares of Gartner from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Bank of America began coverage on shares of Gartner in a research report on Monday, October 22nd. They issued a “buy” rating for the company. Finally, Robert W. Baird increased their price objective on shares of Gartner from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, September 28th.

In related news, EVP Alwyn Dawkins sold 1,378 shares of the firm’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $147.20, for a total transaction of $202,841.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robin B. Kranich sold 1,763 shares of the firm’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $147.55, for a total transaction of $260,130.65. Following the sale, the executive vice president now directly owns 27,819 shares of the company’s stock, valued at $4,104,693.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,226 shares of company stock valued at $1,070,818. Company insiders own 4.00% of the company’s stock.



A number of institutional investors and hedge funds have recently added to or reduced their stakes in IT. IFP Advisors Inc boosted its stake in Gartner by 135.7% during the 3rd quarter. IFP Advisors Inc now owns 641 shares of the information technology services provider’s stock valued at $102,000 after acquiring an additional 369 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in Gartner by 122.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,040 shares of the information technology services provider’s stock valued at $138,000 after acquiring an additional 573 shares during the last quarter. Federated Investors Inc. PA bought a new position in Gartner during the 2nd quarter valued at $153,000. Advisors Asset Management Inc. boosted its stake in Gartner by 1,662.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 23,920 shares of the information technology services provider’s stock valued at $167,000 after acquiring an additional 22,563 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Gartner during the 2nd quarter valued at $201,000.

Shares of IT opened at $129.11 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.21. The company has a market cap of $11.54 billion, a P/E ratio of 39.01, a PEG ratio of 2.11 and a beta of 1.29. Gartner has a 1 year low of $111.57 and a 1 year high of $161.21.

Gartner (NYSE:IT) last issued its quarterly earnings results on Thursday, November 1st. The information technology services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.62 by $0.23. Gartner had a net margin of 3.74% and a return on equity of 36.22%. The firm had revenue of $922.00 million during the quarter, compared to analyst estimates of $919.96 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. Gartner’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts predict that Gartner will post 3.65 EPS for the current year.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Analyst Recommendations for Gartner (NYSE:IT)

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