Gartner Inc (NYSE:IT) – Stock analysts at Cantor Fitzgerald dropped their FY2018 earnings estimates for Gartner in a note issued to investors on Wednesday. Cantor Fitzgerald analyst J. Foresi now expects that the information technology services provider will post earnings of $3.93 per share for the year, down from their prior forecast of $3.96. Cantor Fitzgerald has a “Buy” rating and a $139.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Gartner’s FY2019 earnings at $4.67 EPS.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 49.06%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $0.97 EPS. Gartner’s quarterly revenue was up 44.3% compared to the same quarter last year.

IT has been the subject of a number of other research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $143.00 target price on shares of Gartner in a research note on Friday, November 3rd. Piper Jaffray Companies restated a “hold” rating and set a $130.00 price objective on shares of Gartner in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Morgan Stanley lowered their price objective on Gartner from $131.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets lowered their price objective on Gartner from $139.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $134.30.

Shares of Gartner (IT) opened at $115.49 on Friday. 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 12 month low of $100.33 and a 12 month high of $142.16. The stock has a market capitalization of $10,580.00, a PE ratio of 3,849.67, a PEG ratio of 1.76 and a beta of 1.06.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norinchukin Bank The grew its stake in Gartner by 7.5% during the 4th quarter. Norinchukin Bank The now owns 7,247 shares of the information technology services provider’s stock valued at $892,000 after purchasing an additional 503 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of Gartner by 190.8% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 22,744 shares of the information technology services provider’s stock worth $2,801,000 after acquiring an additional 14,924 shares in the last quarter. American International Group Inc. grew its position in shares of Gartner by 11.1% in the 4th quarter. American International Group Inc. now owns 32,101 shares of the information technology services provider’s stock worth $3,953,000 after acquiring an additional 3,214 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Gartner by 552.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,475 shares of the information technology services provider’s stock worth $182,000 after acquiring an additional 1,249 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Gartner by 3.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 323,056 shares of the information technology services provider’s stock worth $39,784,000 after acquiring an additional 10,018 shares in the last quarter. Hedge funds and other institutional investors own 95.73% 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.

Earnings History and Estimates for Gartner (NYSE:IT)

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