Gartner, Inc. (NYSE:IT) – Stock analysts at Cantor Fitzgerald issued their FY2016 earnings per share (EPS) estimates for shares of Gartner in a research report issued to clients and investors on Tuesday. Cantor Fitzgerald analyst J. Foresi expects that the brokerage will post earnings of $2.96 per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $108.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Gartner’s FY2017 earnings at $3.38 EPS.

Gartner (NYSE:IT) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.08. The business earned $574.10 million during the quarter, compared to the consensus estimate of $562.68 million. Gartner had a negative return on equity of 306.16% and a net margin of 7.73%. Gartner’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share.

COPYRIGHT VIOLATION NOTICE: This report was posted by Daily Political and is the propert of of Daily Political. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this report can be viewed at http://www.dailypolitical.com/2017/01/13/fy2016-earnings-estimate-for-gartner-inc-it-issued-by-cantor-fitzgerald.html.

IT has been the topic of a number of other reports. RBC Capital Markets upgraded shares of Gartner from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $100.00 to $113.00 in a research report on Friday, January 6th. Royal Bank Of Canada upgraded shares of Gartner from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $100.00 to $113.00 in a research report on Friday, January 6th. Macquarie lowered shares of Gartner from an “outperform” rating to a “neutral” rating in a research report on Friday, January 6th. Zacks Investment Research lowered shares of Gartner from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Finally, Barclays PLC upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $96.00 to $115.00 in a research report on Monday, January 9th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $107.00.

Shares of Gartner (NYSE:IT) opened at 101.94 on Friday. Gartner has a 12-month low of $77.80 and a 12-month high of $105.45. The firm has a market capitalization of $8.42 billion, a P/E ratio of 44.42 and a beta of 1.12. The company has a 50-day moving average price of $101.58 and a 200-day moving average price of $95.39.

A number of large investors have recently added to or reduced their stakes in IT. Vanguard Group Inc. increased its stake in Gartner by 1.2% in the second quarter. Vanguard Group Inc. now owns 6,101,315 shares of the company’s stock worth $594,329,000 after buying an additional 70,463 shares during the period. BlackRock Fund Advisors increased its position in Gartner by 3.8% in the third quarter. BlackRock Fund Advisors now owns 4,094,395 shares of the company’s stock valued at $362,149,000 after buying an additional 150,639 shares during the period. Polen Capital Management LLC increased its position in Gartner by 10.9% in the second quarter. Polen Capital Management LLC now owns 3,078,851 shares of the company’s stock valued at $299,911,000 after buying an additional 303,499 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Gartner by 6.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,824,648 shares of the company’s stock valued at $275,149,000 after buying an additional 176,046 shares during the period. Finally, Janus Capital Management LLC increased its position in Gartner by 2.5% in the second quarter. Janus Capital Management LLC now owns 2,325,968 shares of the company’s stock valued at $226,572,000 after buying an additional 55,701 shares during the period. 89.97% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was posted by Daily Political and is the propert of of Daily Political. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this report can be viewed at http://www.dailypolitical.com/2017/01/13/fy2016-earnings-estimate-for-gartner-inc-it-issued-by-cantor-fitzgerald.html.

In other Gartner news, SVP Alwyn Dawkins sold 2,600 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $94.99, for a total value of $246,974.00. Following the completion of the sale, the senior vice president now owns 19,116 shares of the company’s stock, valued at $1,815,828.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.40% of the stock is owned by company insiders.

Gartner Company Profile

5 Day Chart for NYSE:IT

Receive News & Ratings for Gartner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.