Gartner, Inc. (NYSE:IT) – Equities researchers at William Blair issued their FY2019 earnings per share (EPS) estimates for Gartner in a research report issued on Tuesday. William Blair analyst T. Mchugh expects that the information technology services provider will post earnings of $4.80 per share for the year.
Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. Gartner had a return on equity of 103.10% and a net margin of 1.50%. The business had revenue of $843.73 million for the quarter, compared to the consensus estimate of $892.64 million. During the same period last year, the business posted $0.75 EPS. The company’s revenue was up 38.3% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Research Analysts Set Expectations for Gartner, Inc.’s FY2019 Earnings (NYSE:IT)” was originally published by Stock Observer and is the property of of Stock Observer. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.thestockobserver.com/2017/08/12/research-analysts-set-expectations-for-gartner-inc-s-fy2019-earnings-nyseit.html.
Other equities analysts also recently issued reports about the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $128.00 price target on shares of Gartner in a research report on Monday, May 8th. Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada upped their price target on Gartner from $124.00 to $130.00 and gave the stock a “top pick” rating in a research report on Friday, May 5th. Morgan Stanley upped their price target on Gartner from $106.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Monday, May 8th. Finally, TheStreet downgraded Gartner from a “b” rating to a “c+” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $126.44.
Shares of Gartner (IT) traded down 0.16% during mid-day trading on Thursday, reaching $116.92. The company’s stock had a trading volume of 952,441 shares. The firm’s 50 day moving average is $125.58 and its 200 day moving average is $114.11. The firm has a market cap of $10.59 billion, a PE ratio of 240.08 and a beta of 1.05. Gartner has a one year low of $84.54 and a one year high of $130.02.
Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its stake in shares of Gartner by 131.9% in the first quarter. Acadian Asset Management LLC now owns 6,061 shares of the information technology services provider’s stock worth $654,000 after buying an additional 3,447 shares during the period. Profund Advisors LLC raised its stake in shares of Gartner by 6.2% in the first quarter. Profund Advisors LLC now owns 11,737 shares of the information technology services provider’s stock worth $1,267,000 after buying an additional 682 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Gartner by 7.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,203 shares of the information technology services provider’s stock worth $222,000 after buying an additional 145 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Gartner during the first quarter worth $408,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Gartner during the first quarter worth $535,000. 87.01% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Eugene A. Hall sold 38,800 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $117.86, for a total transaction of $4,572,968.00. Following the sale, the chief executive officer now directly owns 1,304,375 shares of the company’s stock, valued at $153,733,637.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $117.86, for a total transaction of $117,860.00. Following the sale, the senior vice president now directly owns 28,085 shares in the company, valued at $3,310,098.10. The disclosure for this sale can be found here. Insiders have sold 49,297 shares of company stock worth $5,793,254 over the last three months. Corporate insiders own 4.40% of the company’s stock.
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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