Gartner (NYSE:IT) Upgraded at StockNews.com

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

Several other research firms have also commented on IT. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Gartner has a consensus rating of “Moderate Buy” and an average target price of $552.63.

Gartner Stock Performance

NYSE IT opened at $482.18 on Wednesday. The firm has a market capitalization of $37.04 billion, a P/E ratio of 30.08, a P/E/G ratio of 3.30 and a beta of 1.29. Gartner has a 1-year low of $411.15 and a 1-year high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day simple moving average is $509.94 and its 200-day simple moving average is $509.98.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 EPS. Equities analysts predict that Gartner will post 12.5 EPS for the current year.

Insider Activity

In other news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Institutional investors have recently made changes to their positions in the company. Siemens Fonds Invest GmbH grew its stake in Gartner by 4.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 854 shares of the information technology services provider’s stock worth $415,000 after buying an additional 33 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gartner during the 4th quarter worth $30,425,000. Jefferies Financial Group Inc. grew its stake in Gartner by 982.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 10,851 shares of the information technology services provider’s stock worth $5,257,000 after buying an additional 9,849 shares during the last quarter. Ascent Group LLC grew its stake in Gartner by 4.7% during the 4th quarter. Ascent Group LLC now owns 929 shares of the information technology services provider’s stock worth $450,000 after buying an additional 42 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in Gartner during the 4th quarter worth $4,929,000. 91.51% of the stock is currently owned by institutional investors.

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.