Gartner, Inc. (NYSE:IT) Receives $521.00 Consensus Target Price from Analysts

Gartner, Inc. (NYSE:IT) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $521.00.

IT has been the subject of several recent analyst reports. Bank of America upped their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their target price on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. UBS Group boosted their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

Gartner Stock Performance

Shares of IT opened at $513.42 on Friday. The business has a 50-day simple moving average of $481.90 and a two-hundred day simple moving average of $461.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner has a 52 week low of $323.61 and a 52 week high of $517.48. The stock has a market cap of $39.86 billion, a price-to-earnings ratio of 51.09, a PEG ratio of 3.89 and a beta of 1.32.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $2.85 EPS. Gartner’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts expect that Gartner will post 11.59 EPS for the current year.

Insider Buying and Selling at Gartner

In other news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the sale, the director now directly owns 19,825 shares in the company, valued at $9,229,528.75. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $465.55, for a total transaction of $783,520.65. Following the transaction, the director now directly owns 19,825 shares in the company, valued at approximately $9,229,528.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Akhil Jain sold 400 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at $2,346,915. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock worth $32,601,014 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Institutional investors have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC purchased a new position in shares of Gartner in the 4th quarter valued at approximately $27,000. DSM Capital Partners LLC acquired a new position in Gartner during the 4th quarter valued at approximately $32,000. Central Pacific Bank Trust Division purchased a new position in shares of Gartner in the first quarter worth $36,000. Crewe Advisors LLC lifted its stake in shares of Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the period. Finally, J.Safra Asset Management Corp grew its holdings in shares of Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.