Gartner (NYSE:IT) Raised to “Buy” 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 Saturday morning.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird lowered their price target on shares of Gartner from $536.00 to $517.00 and set an outperform rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets lowered their price target on shares of Gartner from $450.00 to $432.00 and set a market perform rating on the stock in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a report on Tuesday, April 16th. They set a hold rating and a $507.00 price target on the stock. Finally, UBS Group lowered their price target on shares of Gartner from $550.00 to $510.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner has an average rating of Moderate Buy and an average price target of $474.50.

Gartner Trading Down 1.7 %

NYSE IT opened at $441.32 on Friday. Gartner has a twelve month low of $323.61 and a twelve month high of $486.54. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $34.26 billion, a price-to-earnings ratio of 43.91, a PEG ratio of 3.93 and a beta of 1.33. The firm’s 50 day moving average price is $439.04 and its two-hundred day moving average price is $451.99.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company posted $2.88 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Gartner will post 11.55 EPS for the current year.

Insider Buying and Selling

In other Gartner news, EVP Yvonne Genovese sold 439 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Gartner news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $439.29, for a total transaction of $4,392,900.00. Following the completion of the transaction, the director now owns 599,074 shares of the company’s stock, valued at approximately $263,167,217.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Yvonne Genovese sold 439 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $456.13, for a total transaction of $200,241.07. Following the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,544 shares of company stock worth $10,079,813. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BKM Wealth Management LLC acquired a new position in shares of Gartner during the fourth quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new position in shares of Gartner during the fourth quarter valued at about $27,000. MCF Advisors LLC acquired a new position in shares of Gartner during the fourth quarter valued at about $27,000. AdvisorNet Financial Inc raised its position in Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 25 shares in the last quarter. Finally, DSM Capital Partners LLC acquired a new position in Gartner in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.