Gartner (IT) Given Daily Coverage Optimism Rating of 0.20

News headlines about Gartner (NYSE:IT) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gartner earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 47.5963932801725 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

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Several equities analysts have recently issued reports on IT shares. Royal Bank of Canada restated a “top pick” rating and set a $144.00 target price on shares of Gartner in a research report on Friday, February 16th. Zacks Investment Research lowered Gartner from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. TheStreet upgraded Gartner from a “c+” rating to a “b-” rating in a research report on Thursday, March 15th. BMO Capital Markets decreased their price objective on Gartner from $139.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $139.00 price objective on shares of Gartner in a research report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $139.89.

Shares of IT traded up $0.74 on Thursday, hitting $118.88. The company’s stock had a trading volume of 502,125 shares, compared to its average volume of 706,047. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.92 and a current ratio of 0.92. Gartner has a fifty-two week low of $110.76 and a fifty-two week high of $142.16. The firm has a market capitalization of $10,703.76, a PE ratio of 35.92, a P/E/G ratio of 1.94 and a beta of 1.14.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 42.47%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Gartner’s revenue for the quarter was up 44.3% compared to the same quarter last year. equities research analysts predict that Gartner will post 3.92 EPS for the current fiscal year.

In other Gartner news, EVP Alwyn Dawkins sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $122.82, for a total transaction of $245,640.00. Following the completion of the transaction, the executive vice president now owns 32,133 shares of the company’s stock, valued at approximately $3,946,575.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eugene A. Hall sold 49,687 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $116.39, for a total value of $5,783,069.93. The disclosure for this sale can be found here. Insiders sold a total of 83,855 shares of company stock valued at $9,818,666 over the last quarter. 4.30% of the stock is owned by insiders.

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Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

Insider Buying and Selling by Quarter for Gartner (NYSE:IT)

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