Gartner (NYSE:IT) Upgraded by StockNews.com to "Buy" Rating

Gartner (NYSE:IT - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.

A number of other analysts also recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley lowered their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Gartner currently has a consensus rating of "Moderate Buy" and an average price target of $552.63.

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Gartner Stock Down 0.2 %

IT stock traded down $0.90 during mid-day trading on Wednesday, hitting $482.18. 566,090 shares of the company were exchanged, compared to its average volume of 489,266. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap 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. The firm's 50 day simple moving average is $509.85 and its 200 day simple moving average is $509.97. Gartner has a 1-year low of $411.15 and a 1-year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $3.04 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts predict that Gartner will post 12.5 EPS for the current fiscal year.

Insider Activity

In related news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John J. Rinello sold 90 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cary Street Partners Financial LLC acquired a new position in Gartner in the fourth quarter valued at about $27,000. Kestra Investment Management LLC acquired a new position in Gartner in the fourth quarter valued at about $29,000. Itau Unibanco Holding S.A. raised its stake in Gartner by 453.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 68 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Gartner during the third quarter worth about $44,000. Finally, True Wealth Design LLC raised its stake in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds 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.