Robert W. Baird Lowers Gartner (NYSE:IT) Price Target to $517.00

Gartner (NYSE:IT) had its target price trimmed by Robert W. Baird from $536.00 to $517.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the information technology services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley boosted their price objective on Gartner from $421.00 to $446.00 and gave the company an equal weight rating in a research note on Tuesday, February 6th. UBS Group raised shares of Gartner from a neutral rating to a buy rating and boosted their price target for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. BMO Capital Markets raised their price objective on shares of Gartner from $444.00 to $450.00 and gave the stock a market perform rating in a report on Thursday, February 8th. StockNews.com cut shares of Gartner from a buy rating to a hold rating in a report on Saturday, February 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a report on Tuesday, April 16th. They issued a hold rating and a $507.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $474.50.

Gartner Stock Performance

Shares of IT stock opened at $428.64 on Wednesday. Gartner has a 52 week low of $295.43 and a 52 week high of $486.54. The firm’s 50-day simple moving average is $462.52 and its two-hundred day simple moving average is $440.27. The firm has a market cap of $33.42 billion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 3.36 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.40. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. Gartner’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 earnings per share. As a group, equities analysts forecast that Gartner will post 11.55 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total value of $2,275,000.00. Following the transaction, the director now directly owns 638,235 shares of the company’s stock, valued at approximately $290,396,925. The disclosure for this sale can be found here. Insiders sold a total of 22,952 shares of company stock valued at $10,598,070 in the last three months. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

A number of institutional investors have recently made changes to their positions in the stock. BKM Wealth Management LLC bought a new position in shares of Gartner during the 4th quarter valued at about $26,000. Frazier Financial Advisors LLC purchased a new stake in Gartner in the fourth quarter worth approximately $27,000. MCF Advisors LLC purchased a new stake in Gartner in the fourth quarter worth approximately $27,000. AdvisorNet Financial Inc grew its position in 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 acquiring an additional 25 shares during the last quarter. Finally, DSM Capital Partners LLC purchased a new position in shares of Gartner during the fourth quarter worth approximately $32,000. 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.