Gartner, Inc. (NYSE:IT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Gartner, Inc. (NYSE:IT – Get Rating) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $344.38.

IT has been the topic of several analyst reports. Barclays upped their price objective on Gartner from $330.00 to $350.00 and gave the company an “equal weight” rating in a research note on Friday, December 2nd. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company upped their price objective on Gartner from $358.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 13th. The Goldman Sachs Group boosted their target price on Gartner from $348.00 to $391.00 and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $300.00 target price on shares of Gartner in a report on Tuesday, October 25th.

Insiders Place Their Bets

In other Gartner news, EVP Alwyn Dawkins sold 800 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $326.50, for a total transaction of $261,200.00. Following the transaction, the executive vice president now owns 37,811 shares of the company’s stock, valued at approximately $12,345,291.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Gartner news, Director Karen E. Dykstra sold 1,233 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $321.84, for a total transaction of $396,828.72. Following the completion of the sale, the director now owns 14,307 shares in the company, valued at approximately $4,604,564.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alwyn Dawkins sold 800 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $326.50, for a total transaction of $261,200.00. Following the sale, the executive vice president now owns 37,811 shares of the company’s stock, valued at approximately $12,345,291.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,756 shares of company stock valued at $10,065,089. 3.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Gartner

Several institutional investors and hedge funds have recently made changes to their positions in the business. Northstar Advisory Group LLC bought a new stake in shares of Gartner during the 4th quarter valued at $610,000. Matisse Capital bought a new stake in shares of Gartner during the 4th quarter valued at $632,000. Empirical Finance LLC increased its position in shares of Gartner by 7.5% in the 4th quarter. Empirical Finance LLC now owns 2,226 shares of the information technology services provider’s stock valued at $748,000 after buying an additional 156 shares in the last quarter. Xponance Inc. increased its position in shares of Gartner by 10.3% in the 4th quarter. Xponance Inc. now owns 17,029 shares of the information technology services provider’s stock valued at $5,724,000 after buying an additional 1,597 shares in the last quarter. Finally, Cardinal Capital Management increased its position in shares of Gartner by 2.3% in the 4th quarter. Cardinal Capital Management now owns 3,129 shares of the information technology services provider’s stock valued at $1,052,000 after buying an additional 69 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Gartner Stock Down 0.0 %

Shares of IT opened at $332.93 on Wednesday. Gartner has a 12-month low of $221.39 and a 12-month high of $358.25. The firm has a market capitalization of $26.31 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 3.35 and a beta of 1.35. The stock’s 50-day moving average price is $338.82 and its 200 day moving average price is $307.63.

Gartner (NYSE:IT – Get Rating) last released its quarterly earnings data on Tuesday, November 1st. The information technology services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.56. Gartner had a return on equity of 1,234.18% and a net margin of 14.41%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.27 billion. Equities research analysts expect that Gartner will post 10.14 EPS for the current year.

Gartner Company Profile

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.