Gartner (NYSE:IT) Stock Rating Upgraded by UBS Group

Gartner (NYSE:IT) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has a $550.00 price objective on the information technology services provider’s stock, up from their prior price objective of $484.00. UBS Group’s price target indicates a potential upside of 18.17% from the company’s current price.

Several other analysts also recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Wells Fargo & Company boosted their price target on shares of Gartner from $380.00 to $435.00 and gave the stock an “overweight” rating in a research note on Friday, December 15th. Finally, Morgan Stanley lifted their price objective on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $470.25.

Gartner Trading Down 2.0 %

IT opened at $465.45 on Thursday. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $465.86 and its two-hundred day simple moving average is $430.82. Gartner has a 1-year low of $292.60 and a 1-year high of $486.54. The firm has a market capitalization of $36.29 billion, a price-to-earnings ratio of 42.08, a price-to-earnings-growth ratio of 4.24 and a beta of 1.29.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.70 EPS. Analysts expect that Gartner will post 11.36 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Gartner news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is owned by company insiders.

Institutional Trading of Gartner

Several institutional investors and hedge funds have recently modified their holdings of the business. BSW Wealth Partners lifted its holdings in shares of Gartner by 3.7% in the fourth quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock valued at $278,000 after purchasing an additional 22 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Gartner by 2.8% during the fourth quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock valued at $364,000 after buying an additional 22 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Gartner by 0.5% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock valued at $2,210,000 after buying an additional 22 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 25 shares during the period. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Gartner by 36.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.