Gartner (NYSE:IT) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Gartner (NYSE:IT) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Other research analysts have also recently issued reports about the company. Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, Robert W. Baird raised their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus target price of $552.63.

Gartner Stock Down 1.6 %

NYSE IT opened at $514.02 on Wednesday. The business has a fifty day moving average price of $510.12 and a 200 day moving average price of $507.95. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $39.65 billion, a P/E ratio of 32.07, a P/E/G ratio of 3.50 and a beta of 1.34. Gartner has a one year low of $411.15 and a one year high of $584.01.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.04 earnings per share. Research analysts anticipate that Gartner will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,690 shares of company stock valued at $2,981,025. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gartner

Hedge funds and other institutional investors have recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after purchasing an additional 1,028 shares during the period. Assetmark Inc. lifted its holdings in Gartner by 70.0% during the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock worth $2,607,000 after buying an additional 2,118 shares in the last quarter. ING Groep NV boosted its position in Gartner by 38.4% in the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock valued at $5,223,000 after buying an additional 2,860 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Gartner by 1.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after acquiring an additional 480 shares during the period. Finally, Barclays PLC raised its stake in shares of Gartner by 8.6% in the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after acquiring an additional 13,205 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

About Gartner

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.