Gartner (IT) Receives “Outperform” Rating from Credit Suisse Group

Credit Suisse Group reissued their outperform rating on shares of Gartner (NYSE:IT) in a research note published on Wednesday, The Fly reports. They currently have a $142.00 price objective on the information technology services provider’s stock, down from their previous price objective of $160.00.

Several other equities research analysts have also issued reports on IT. Piper Jaffray Companies reaffirmed a hold rating and issued a $136.00 price objective on shares of Gartner in a research note on Tuesday, January 30th. Morgan Stanley boosted their target price on shares of Gartner from $120.00 to $131.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. Zacks Investment Research raised shares of Gartner from a hold rating to a buy rating and set a $155.00 target price for the company in a research report on Friday, February 2nd. Cantor Fitzgerald reissued a buy rating and set a $139.00 target price on shares of Gartner in a research report on Tuesday. Finally, Royal Bank of Canada boosted their target price on shares of Gartner to $98.00 and gave the stock a top pick rating in a research report on Friday, January 19th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $134.30.

Shares of Gartner (NYSE:IT) opened at $119.45 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner has a 52 week low of $97.96 and a 52 week high of $142.16. The stock has a market cap of $11,242.54, a price-to-earnings ratio of 37.58, a P/E/G ratio of 1.90 and a beta of 1.06.

Gartner (NYSE:IT) last released 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 consensus estimate of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 49.06%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 44.3% on a year-over-year basis. research analysts forecast that Gartner will post 3.95 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Intellectus Partners LLC increased its holdings in shares of Gartner by 3.5% during the 2nd quarter. Intellectus Partners LLC now owns 4,439 shares of the information technology services provider’s stock worth $548,000 after purchasing an additional 149 shares during the period. Advisor Group Inc. increased its holdings in shares of Gartner by 13.4% during the 2nd quarter. Advisor Group Inc. now owns 2,035 shares of the information technology services provider’s stock worth $251,000 after purchasing an additional 240 shares during the period. 1st Global Advisors Inc. increased its holdings in shares of Gartner by 16.4% during the 2nd quarter. 1st Global Advisors Inc. now owns 2,195 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 310 shares during the period. Fiduciary Trust Co. increased its holdings in shares of Gartner by 8.6% during the 4th quarter. Fiduciary Trust Co. now owns 4,949 shares of the information technology services provider’s stock worth $610,000 after purchasing an additional 393 shares during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Gartner by 3.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,871 shares of the information technology services provider’s stock worth $1,462,000 after purchasing an additional 422 shares during the period. Institutional investors own 95.73% of the company’s stock.

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About Gartner

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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