Gartner, Inc. (NYSE:IT) has received a consensus rating of “Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $131.89.

Several research firms have commented on IT. Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $139.00 target price on shares of Gartner in a research report on Thursday, November 2nd. Royal Bank Of Canada reiterated a “top pick” rating and issued a $142.00 target price (up from $130.00) on shares of Gartner in a research report on Friday, July 21st. Piper Jaffray Companies reiterated a “hold” rating and issued a $105.00 target price on shares of Gartner in a research report on Thursday, August 31st. Finally, TheStreet downgraded Gartner from a “b” rating to a “c+” rating in a research report on Tuesday, August 8th.

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Shares of Gartner (NYSE:IT) opened at $117.48 on Friday. The firm has a market capitalization of $10,643.34, a price-to-earnings ratio of 37.90, a PEG ratio of 2.14 and a beta of 1.08. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner has a 1 year low of $90.37 and a 1 year high of $130.02.

Gartner (NYSE:IT) last announced its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.13. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The business had revenue of $828.09 million during the quarter, compared to the consensus estimate of $826.09 million. During the same period in the prior year, the company earned $0.58 EPS. Gartner’s revenue for the quarter was up 44.3% on a year-over-year basis. sell-side analysts anticipate that Gartner will post 3.43 earnings per share for the current year.

In related news, SVP Robin B. Kranich sold 7,487 shares of Gartner stock in a transaction 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 in the company, valued at $2,557,463.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne Sutherland Fuchs sold 5,000 shares of Gartner stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $117.02, for a total value of $585,100.00. Following the sale, the director now owns 29,895 shares in the company, valued at $3,498,312.90. The disclosure for this sale can be found here. Insiders sold 22,363 shares of company stock worth $2,656,767 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning increased its position in Gartner by 1.2% in the second quarter. Creative Planning now owns 1,950 shares of the information technology services provider’s stock worth $241,000 after buying an additional 23 shares during the last quarter. Raymond James Trust N.A. increased its position in Gartner by 1.3% in the second quarter. Raymond James Trust N.A. now owns 1,952 shares of the information technology services provider’s stock worth $241,000 after buying an additional 26 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Gartner by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 13,047 shares of the information technology services provider’s stock worth $1,611,000 after buying an additional 47 shares during the last quarter. State of Alaska Department of Revenue increased its position in Gartner by 1.3% in the second quarter. State of Alaska Department of Revenue now owns 3,832 shares of the information technology services provider’s stock worth $473,000 after buying an additional 50 shares during the last quarter. Finally, Cigna Investments Inc. New increased its position in Gartner by 3.1% in the second quarter. Cigna Investments Inc. New now owns 3,426 shares of the information technology services provider’s stock worth $423,000 after buying an additional 102 shares during the last quarter. 92.19% of the stock is owned by institutional investors and hedge funds.

About Gartner

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.

Analyst Recommendations for Gartner (NYSE:IT)

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