Gartner, Inc. (NYSE:IT) – William Blair increased their Q3 2017 earnings per share (EPS) estimates for Gartner in a research report issued to clients and investors on Tuesday. William Blair analyst T. Mchugh now expects that the information technology services provider will earn $0.52 per share for the quarter, up from their previous forecast of $0.51.

A number of other brokerages have also issued reports on IT. Royal Bank Of Canada reiterated a “top pick” rating and issued a $142.00 price objective (up previously from $130.00) on shares of Gartner in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Gartner from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and issued a $132.00 price objective on shares of Gartner in a report on Wednesday. BidaskClub lowered shares of Gartner from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $138.00 price objective (up previously from $130.00) on shares of Gartner in a report on Wednesday, August 9th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $126.56.

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Shares of Gartner (NYSE IT) opened at 122.39 on Thursday. The firm has a market cap of $11.09 billion, a PE ratio of 251.31 and a beta of 1.07. The stock’s 50 day moving average is $122.16 and its 200 day moving average is $119.27. Gartner has a 12 month low of $84.54 and a 12 month high of $130.02.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The company had revenue of $843.73 million during the quarter, compared to analysts’ expectations of $892.64 million. During the same quarter in the previous year, the company earned $0.75 EPS. Gartner’s revenue was up 38.3% on a year-over-year basis.

In other news, SVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $118.62, for a total transaction of $118,620.00. Following the completion of the sale, the senior vice president now owns 27,137 shares of the company’s stock, valued at approximately $3,218,990.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robin B. Kranich sold 7,487 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $120.08, for a total transaction of $899,038.96. Following the sale, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at approximately $2,557,463.84. The disclosure for this sale can be found here. Insiders have sold a total of 23,363 shares of company stock valued at $2,775,387 in the last three months. Insiders own 4.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Gartner by 32.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock worth $1,072,104,000 after buying an additional 2,125,783 shares during the period. BlackRock Inc. grew its position in shares of Gartner by 5,309.2% during the 1st quarter. BlackRock Inc. now owns 8,174,829 shares of the information technology services provider’s stock worth $882,800,000 after buying an additional 8,023,700 shares during the period. Bamco Inc. NY grew its position in shares of Gartner by 0.9% during the 2nd quarter. Bamco Inc. NY now owns 7,055,955 shares of the information technology services provider’s stock worth $871,481,000 after buying an additional 60,789 shares during the period. Janus Henderson Group PLC grew its position in shares of Gartner by 1,426.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock worth $528,449,000 after buying an additional 3,998,373 shares during the period. Finally, Polen Capital Management LLC grew its position in shares of Gartner by 6.9% during the 2nd quarter. Polen Capital Management LLC now owns 3,972,949 shares of the information technology services provider’s stock worth $490,699,000 after buying an additional 257,899 shares during the period. 91.95% of the stock is owned by institutional investors.

Gartner Company Profile

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.

Earnings History and Estimates for Gartner (NYSE:IT)

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