According to Bloomberg, the ten rating agencies that cover Gartner, INC (NYSE: IT) have recommended “moderate-buy” as the best course of action for purchasing the company’s stock on average.
This recommendation results from the rating agencies concluding that the company will continue to perform well in the future.
A total of eight ratings have been assigned to the stock by research analysts, including four recommendations to buy, four ratings to hold, and four neutral ratings.
The average one-year price target that brokerages have set for the company over the previous year is $359.00 per share of stock. Within the past year, these brokerages have produced reports concerning the company.
According to some additional Gartner-related news, the Chief Financial Officer of Gartner, Craig Safian, sold 4,510 shares on March 6.
The sale of the shares resulted in total revenue of $1,540,300.30, with the average price at which each share could be purchased being $341.53.
After the completion of the deal, the chief financial officer will be the owner of 64,282 shares of the company.
The total value of these shares is $21,954,231.46, so the CFO’s new holdings will be worth that amount.
The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC.
According to some additional Gartner-related news, the Chief Financial Officer of Gartner, Craig Safian, sold 4,510 shares on March 6.
The sale of the shares resulted in total revenue of $1,540,300.30, with the average price at which each share could be purchased being $341.53.
After the completion of the deal, the chief financial officer will own 64,282 company shares, which have a combined value of $21,954,231.46.
The CFO previously owned these shares.
The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC.
In addition, on February 9, Eugene A. Hall, the Chief Executive Officer of Gartner, sold 16,410 of the company’s shares of stock.
The transaction resulted in a total value of $5,765,325.30 because the shares were purchased at an average price of $351.33 each.
As a direct result of the transaction, the Chief Executive Officer now has direct ownership of 1,148,281 shares of the company.
The total value of these shares is approximately $403,425,563.73.
Disclosures regarding the sale can be found in this particular location. Over the past three months, company insiders have offloaded 42,683 shares of company stock, fetching a combined total of $14,934,903 in proceeds. 3.70 company insiders own a percent of the total shares currently outstanding.
Many analysts have published their findings and perspectives on the company.
Morgan Stanley raised their rating for the company to “equal weight” and raised its price target for Gartner from $350.00 to $366.00 in a research note published on February 8.
BMO Capital Markets upgraded Gartner from a “market perform” rating to a “sector perform” rating and raised their price objective from $356.00 to $357.00 in a research report published on February 9.
In a research note published on January 21 by StockNews.com, the rating for Gartner was changed from “hold” to “buy.” The “buy” recommendation was given to the company. “Hold” was the initial rating that was given to Gartner.
In a research note published on Friday, December 2, Barclays increased their price target on Gartner from $330 to $350.00 and gave the company an “equal weight” rating. Wells Fargo & Company rated the company as “overweight” and increased their price objective on Gartner from $370 to $387 in a research report published on February 8.
All of these adjustments were carried out as a direct result of Gartner’s most recent earnings report.
In recent months, hedge funds have been active in the company’s stock market by buying and selling shares. Vanguard Group INC increased the amount of Gartner stock owned by 1.1% during the first quarter of the fiscal year. Vanguard Group INC now owns 9,198,161 shares of the information technology services provider’s stock after purchasing 102,709 additional shares during the most recent fiscal quarter. Vanguard Group INC’s holdings in this company’s stock market value are $2,736,085,000.
BlackRock INC increased the percentage of Gartner stock owned by 2.5 percent during the third quarter.
BlackRock INC now has 6,075,891 shares of the company’s stock following the acquisition of an additional 148,010 shares of the information technology services provider’s stock during the most recent quarter.
In the third quarter, the Massachusetts Financial Services Co, MA, increased the percentage of its holdings invested in Gartner by 145.1%.
After making an additional 1,318,892 stock purchases over the most recent quarter, the Massachusetts Financial Services Co, MA, now has 2,227,844 shares of the information technology services provider’s stock in its possession.
The value of these shares on the market currently is $616,422,000. calatori Bucureştipfl inlocuiuzestoffabili Peutgrupuluierstergreg “)”” ” “”?” “?” “symptome (” contur ” (“unsere “”) “”) “”).
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This brings Morgan Stanley’s total number of shares the company holds to 2.
The value of these shares on the market currently is $723,041,000.
Additionally, during the first quarter, The Wellington Management Group LLP increased the percentage of its holdings invested in Gartner by 20.3%.
This increase occurred during the quarter ending March 31. Following the acquisition of 342,228 shares of the information technology services provider’s stock during the most recent quarter, Wellington Management Group LLP now holds 2,029,738 shares.
The value of these shares on the market currently is $603,766,000.
To the tune of 91.86 percent, the company’s stock is owned by institutional investors and hedge funds.
On Thursday, shares of NYSE: IT started the trading day priced at $310.82 each.
Each of the three financial ratios—the debt-to-equity ratio, the current ratio, and the quick ratio—comes in at 0.77, respectively.
The ratio of debt to equity is 10.77 right now.
The stock is trading at $335.02 on its simple moving average for the past 50 days, while its simple moving average for the past 200 days is $321.95. Over the previous twelve months, the lowest price for Gartner was $221.39, and the highest was $358.25.
The P/E ratio of the company is 31.11, the P/E/G ratio is 5.10, and the beta value is 1.28.
Its market value is $24.57 billion.
Gartner (NYSE: IT) presented their most recent findings in a report made public on February 7.
The company that provides services related to information technology reported earnings per share for the quarter of $3.70, which is $1.13 higher than the consensus estimate of $2.57 that analysts provided. Gartner had a return on equity of 2,645.96%, and the company’s net margin was 14.75 percent.
The revenue for the quarter came in at $1.51 billion, which is a sizeable increase compared to the average prediction of $1.45 billion made by the market.
The company generated earnings of $2.99 per share during the same period the year before. Compared to the same period in the previous year, the third quarter of this year saw a revenue increase for the company that was 15.2% higher than the previous year.
Professionals in the relevant field hold the majority opinion that Gartner will report earnings of $9.49 per share in 2018.