According to data provided by Bloomberg Ratings, the ten research firms presently covering Gartner, Inc. (NYSE: IT) have collectively assigned a rating of “Hold” to the company’s stock. Three of the financial analysts polled gave the stock a buy recommendation, while four gave the company a hold rating. The price of $340.50 is the target price provided by analysts who have covered the stock in the preceding year and have provided their predictions for the next year.
Some research professionals have some observations regarding information technology companies’ stocks. Wells Fargo & Company announced, in a research report that was published on November 3, that they were increasing their target price on Gartner from $345.00 to $358.00. On October 12, a Wednesday, coverage of Gartner was added to StockNews.com. This date is significant because it was the first day that Gartner was covered. They recommended purchasing shares of the company as a whole. Jefferies Financial Group reaffirmed a “hold” rating on shares of Gartner and set a price objective of $300.00 on the company’s stock in a report published on Tuesday, October 25. Barclays increased its price objective for Gartner from $3300.00 to $350.00 in a research report that was made public on Friday, December 2.
Additionally, the company gave the company a rating of “equal weight” in its assessment. Goldman Sachs Group gave Gartner a “buy” rating in a report released on November 2. Additionally, Goldman Sachs Group raised its price objective for the company from $348.00 to $391.00, moving it from its previous level of $348.00.
In related news relating to this topic, on November 2, Eugene A. Hall, CEO of Gartner, sold 16,652 shares of the corporation’s stock. This news was reported in the article “Other News Related to This Topic.” The stock sale resulted in total revenue of $5,410,900.88, with an average price of $324.94 realized for each traded share. As a result, the Chief Executive Officer (CEO) acquired direct ownership of 1,143,277 shares after the successful transaction. The total value of these shares is $371,496,428.38. One can find a copy of the case file in which the transaction was disclosed on the Securities and Exchange Commission (SEC) website. The file contains information about the transaction. In addition, on November 2, Chief Financial Officer Craig Safian disposed of 4,967 shares by selling them off. This is related news. Following the conclusion of the transaction, the chief financial officer now has a direct ownership stake of 58,844 shares in the company. This gives the CFO a total ownership stake in the company with a value equivalent to $19,264,348.72 based on the current average share price of $327.38 per share. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction.
Additionally, on November 2, 16,652 shares of the company’s stock were sold by Eugene A. Hall, the company’s CEO. The sale of the shares resulted in total revenue of $5,410,900, with the price at which each share was sold averaging out to be $324.94. As a result, the Chief Executive Officer (CEO) acquired direct ownership of 1,143,277 shares after the successful transaction. The total value of these shares is $371,496,428.38. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company have sold 30,756 company stock over the past three months, bringing in a total of $10,065,089. Today, company insiders hold a 3.70 percent stake in the business.
Over the past few months, several institutional investors and hedge funds have adopted new points of view regarding the business sector. During the third quarter of the fiscal year, Aurora Investment Counsel completed the purchase of a new investment in Gartner at a total cost of 1,029,000 dollars. During the third quarter of the current fiscal year, Toroso Investments LLC increased the percentage of Gartner shares it owned by 4.8%. As a result of the purchase of an additional 151 shares during the period, Toroso Investments LLC now holds a total of 3,323 shares of the stock held by the information technology services provider. This gives the company a total investment in Gartner during the third quarter with a value of $919,000 due to the stock’s current price. During the third quarter of the current fiscal year, Toroso Investments LLC increased the percentage of Gartner shares it owned by 4.8%. Toroso Investments LLC is now the owner of a total of 3,323 shares of the stock held by the information technology services provider as a result of the acquisition of 151 additional shares during the period, which brings the company’s stock holdings to a value of $919,000. During the third quarter, Eagle Bay Advisors LLC saw a 17.2% increase in the percentage of ownership it holds in Gartner. By making an additional purchase of 71 shares during the period, Eagle Bay Advisors LLC was able to bring up the total number of shares it owns in the information technology services company to 483. This brings the total number of shares it owns to 483. The questionable stock is estimated to be worth $135,000. During the third quarter, CVA Family Office LLC expanded its holdings in Gartner by 24.1% thanks to the purchase of additional shares. CVA Family Office LLC now has 180 shares of the information technology services provider’s stock after purchasing 35 shares during the period in question. The value of the stock at this time is fifty thousand dollars. In addition, the Teachers Retirement System of Kentucky spent approximately $2,058,000 during the third quarter to purchase a new holding in the research company Gartner. This investment was made part of the system’s overall portfolio diversification strategy. To the tune of 91.86 percent, the company’s stock is owned by institutional investors and hedge funds.
When trading started on Friday, the price of an individual share of IT was $336.14. The moving averages for the past 50 days come in at $333.39 for the company, and the moving averages for the past 200 days come in at $295.64. Over the past year, Gartner’s share price has ranged from an all-time low of $221.39 to an all-time high of $358.25. The company’s current market value is $26.56 billion, and it has a price-to-earnings ratio of 36.22 and a beta value of 1.37. The company’s price-to-growth ratio is 2.68, and its price-to-earnings ratio is 36. While the current ratio is 0.64 and the quick ratio is also 0.64, the debt-to-equity ratio comes in at 20.79. In addition, the current and quick ratios come in at 0.64.
On November 1, the most recent results report that Gartner (NYSE: IT) has produced was made available to the general public. Because the actual earnings per share for the quarter came in at $2.41, which is $0.56 more than the average prediction of $1.85, the business that offers services related to information technology has significantly increased its profitability. Gartner achieved a return on equity of 1,234.18% while maintaining a net margin of 14.41% throughout the company. In addition, the company’s revenue for the quarter came in at $1.33 billion, significantly higher than the average prediction of $1.27 billion made by financial analysts. According to projections made by stock market analysts, Gartner’s earnings are expected to come in at 10.14 dollars per share this year.
Gartner, Inc. is a company that specializes in research and advisory services and has locations all over the world. The United States of America, Canada, Europe, the Middle East, and Africa are all home to some of these destinations. Its primary business pillars consist of conferences, research, and consulting services, and it operates on these three. Customers have access to most of the research through a subscription service. This service gives customers direct access to a network of research specialists and on-demand access to published research content, data, and benchmarks. The section of the website devoted to conducting research is referred to simply as “research.”
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