Royal Bank of Canada reiterated their top pick rating on shares of Gartner (NYSE:IT) in a research note issued to investors on Friday morning. They currently have a $144.00 target price on the information technology services provider’s stock.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Gartner from a hold rating to a sell rating in a research note on Tuesday, January 2nd. Morgan Stanley upped their price objective on shares of Gartner from $118.00 to $120.00 and gave the stock an equal weight rating in a research note on Monday, October 23rd. Piper Jaffray Companies reaffirmed a hold rating and issued a $104.00 price objective on shares of Gartner in a research note on Friday, November 3rd. Cantor Fitzgerald reaffirmed a buy rating and issued a $139.00 price objective on shares of Gartner in a research note on Thursday, November 2nd. Finally, Goldman Sachs Group initiated coverage on shares of Gartner in a research note on Wednesday, November 8th. They issued a buy rating and a $146.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $138.90.
Shares of Gartner (NYSE:IT) traded up $0.11 on Friday, hitting $118.04. 749,386 shares of the stock were exchanged, compared to its average volume of 866,300. The stock has a market capitalization of $10,690.47, a price-to-earnings ratio of 3,934.67, a P/E/G ratio of 1.94 and a beta of 1.06. Gartner has a 1 year low of $101.20 and a 1 year high of $142.16. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.73 and a quick ratio of 0.73.
Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.15). Gartner had a return on equity of 49.06% and a net margin of 0.10%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company earned $0.97 earnings per share. The firm’s revenue was up 44.3% compared to the same quarter last year. equities analysts forecast that Gartner will post 3.92 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in IT. Atlantic Trust Group LLC lifted its position in shares of Gartner by 7,923.9% during the third quarter. Atlantic Trust Group LLC now owns 843,152 shares of the information technology services provider’s stock valued at $104,897,000 after buying an additional 832,644 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Gartner by 525.5% during the third quarter. Principal Financial Group Inc. now owns 909,985 shares of the information technology services provider’s stock valued at $113,211,000 after buying an additional 764,504 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Gartner by 154.2% during the third quarter. Wells Fargo & Company MN now owns 1,037,753 shares of the information technology services provider’s stock valued at $129,108,000 after buying an additional 629,507 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its position in shares of Gartner by 18.2% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,202,047 shares of the information technology services provider’s stock valued at $271,182,000 after buying an additional 339,426 shares during the last quarter. Finally, Burgundy Asset Management Ltd. purchased a new stake in shares of Gartner during the second quarter valued at about $41,023,000. 95.31% of the stock is owned by institutional investors and hedge funds.
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Gartner Company Profile
Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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