Gartner, Inc. (NYSE:IT)’s share price hit a new 52-week high on Thursday . The stock traded as high as $133.54 and last traded at $132.13, with a volume of 490500 shares trading hands. The stock had previously closed at $130.04.

Several brokerages have commented on IT. Cantor Fitzgerald reiterated a “buy” rating and set a $139.00 price target on shares of Gartner in a report on Thursday, November 2nd. Morgan Stanley increased their price target on Gartner from $118.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded Gartner from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a report on Monday, October 16th. BMO Capital Markets reiterated a “buy” rating and set a $137.00 price target on shares of Gartner in a report on Friday, October 13th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $143.00 price target on shares of Gartner in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Gartner has an average rating of “Buy” and an average price target of $132.60.

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.38. The stock has a market cap of $11,788.26, a price-to-earnings ratio of -394.12, a P/E/G ratio of 2.02 and a beta of 1.05.

Gartner (NYSE:IT) last announced its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.52 by $0.13. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The company had revenue of $828.09 million for the quarter, compared to the consensus estimate of $826.09 million. During the same quarter last year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 44.3% compared to the same quarter last year. equities research analysts forecast that Gartner, Inc. will post 3.43 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Gartner by 466.7% in the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after acquiring an additional 798 shares during the last quarter. Commonwealth Bank of Australia grew its stake in shares of Gartner by 20.0% in the second quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after acquiring an additional 200 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Gartner by 52.4% in the third quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock worth $183,000 after acquiring an additional 505 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Gartner in the third quarter worth $185,000. Finally, Parkwood LLC acquired a new stake in shares of Gartner in the third quarter worth $201,000. Institutional investors and hedge funds own 95.43% of the company’s stock.

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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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