Gartner Inc (NYSE:IT) CFO Craig Safian sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $147.44, for a total transaction of $147,440.00. Following the completion of the transaction, the chief financial officer now owns 25,383 shares in the company, valued at approximately $3,742,469.52. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of IT traded up $0.95 during midday trading on Monday, hitting $147.08. The company had a trading volume of 476,100 shares, compared to its average volume of 657,839. The company has a market capitalization of $13.28 billion, a P/E ratio of 44.44, a PEG ratio of 2.64 and a beta of 1.23. Gartner Inc has a 52 week low of $111.57 and a 52 week high of $161.21. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.66 and a current ratio of 0.66.
Gartner (NYSE:IT) last announced its quarterly earnings data on Thursday, November 1st. The information technology services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.23. Gartner had a net margin of 3.74% and a return on equity of 36.22%. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $919.96 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts expect that Gartner Inc will post 3.65 earnings per share for the current fiscal year.
IT has been the subject of several research analyst reports. ValuEngine downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Morgan Stanley boosted their target price on shares of Gartner from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 2nd. Piper Jaffray Companies reissued a “hold” rating and issued a $116.00 target price on shares of Gartner in a research report on Thursday, August 2nd. TheStreet raised shares of Gartner from a “c” rating to a “b” rating in a research report on Wednesday, August 1st. Finally, Barclays reissued a “buy” rating and issued a $155.00 target price on shares of Gartner in a research report on Sunday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Gartner presently has a consensus rating of “Buy” and a consensus price target of $147.10.
Gartner Company Profile
Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.
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