Gartner Inc (NYSE:IT) has earned an average rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $153.00.

Several analysts have recently weighed in on IT shares. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a report on Tuesday, February 5th. Robert W. Baird restated a “buy” rating and issued a $156.00 price objective on shares of Gartner in a report on Wednesday, February 6th. Bank of America restated a “buy” rating and issued a $150.00 price objective on shares of Gartner in a report on Wednesday, February 6th. Morgan Stanley upped their price objective on Gartner from $147.00 to $148.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $141.00 price objective on shares of Gartner in a report on Thursday, February 14th.

IT stock traded up $1.61 during trading on Thursday, reaching $154.06. 202,200 shares of the company’s stock were exchanged, compared to its average volume of 517,044. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.67 and a current ratio of 0.67. Gartner has a 1-year low of $120.89 and a 1-year high of $161.85. The firm has a market capitalization of $13.73 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 2.74 and a beta of 1.31.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 7th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. Gartner had a return on equity of 37.59% and a net margin of 4.09%. The company had revenue of $970.00 million during the quarter, compared to analyst estimates of $960.72 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts predict that Gartner will post 3.96 earnings per share for the current fiscal year.

In other news, EVP Alwyn Dawkins sold 1,909 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $142.01, for a total transaction of $271,097.09. Following the sale, the executive vice president now directly owns 35,822 shares of the company’s stock, valued at $5,087,082.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robin B. Kranich sold 8,496 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $143.00, for a total value of $1,214,928.00. Following the sale, the executive vice president now directly owns 11,989 shares in the company, valued at $1,714,427. The disclosure for this sale can be found here. Insiders have sold 119,600 shares of company stock worth $17,193,497 over the last ninety days. 4.00% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Avestar Capital LLC raised its position in shares of Gartner by 1,036.8% during the first quarter. Avestar Capital LLC now owns 216 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 197 shares during the period. Signet Investment Advisory Group Inc. acquired a new stake in shares of Gartner during the fourth quarter worth $38,000. Rockefeller Capital Management L.P. acquired a new position in Gartner during the first quarter valued at $42,000. Sontag Advisory LLC acquired a new position in Gartner during the fourth quarter valued at $47,000. Finally, Claybrook Capital LLC acquired a new position in Gartner during the fourth quarter valued at $51,000. 99.23% of the stock is currently owned by institutional investors.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. 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 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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