November 30, 2016 - By Ellis Scott · 0 Comments
Gartner Inc (NYSE:IT) institutional sentiment decreased to 1.02 in Q2 2016. Its down -0.68, from 1.7 in 2016Q1. The ratio dropped, as 187 investment managers started new and increased stock positions, while 110 reduced and sold stock positions in Gartner Inc. The investment managers in our partner’s database reported: 72.80 million shares, up from 72.77 million shares in 2016Q1. Also, the number of investment managers holding Gartner Inc in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 13 Reduced: 97 Increased: 133 New Position: 54.
Gartner, Inc. is an information technology research and advisory company. The company has a market cap of $8.57 billion. The Firm works with clients to research, analyze and interpret the business of information technology within the context of their individual roles. It has a 45.24 P/E ratio.
The stock increased 0.72% or $0.74 during the last trading session, hitting $104.08. Gartner Inc (NYSE:IT) has risen 18.21% since April 27, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.
Analysts await Gartner Inc (NYSE:IT) to report earnings on February, 2. They expect $0.97 EPS, up 5.43% or $0.05 from last year’s $0.92 per share. IT’s profit will be $79.87M for 26.82 P/E if the $0.97 EPS becomes a reality. After $0.58 actual EPS reported by Gartner Inc for the previous quarter, Wall Street now forecasts 67.24% EPS growth.
According to Zacks Investment Research, “Gartner, Inc. is a research and advisory firm that helps clients understand technology and drive business growth. Gartner’s divisions consist of Gartner Research, Gartner Consulting, Gartner Measurement and Gartner Events. Gartner has the most comprehensive body of global research that reports on and analyzes the technologies that drive business and organizational success. Gartner Consulting leverages the company’s industry-leading research capabilities to deliver hands-on client support, from strategy to measurable results.”
Bares Capital Management Inc. holds 7.05% of its portfolio in Gartner Inc for 1.02 million shares. Bamco Inc Ny owns 7.76 million shares or 4.02% of their US portfolio. Moreover, Polen Capital Management Llc has 3.81% invested in the company for 3.08 million shares. The Kansas-based Mitchell Capital Management Co has invested 3.23% in the stock. Schwerin Boyle Capital Management Inc, a Massachusetts-based fund reported 196,875 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 6 insider sales for $6.99 million net activity.
Ratings analysis reveals 56% of Gartner Inc’s analysts are positive. Out of 9 Wall Street analysts rating Gartner Inc, 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $78 while the high is $108. The stock’s average target of $91.83 is -11.77% below today’s ($104.08) share price. IT was included in 10 notes of analysts from August 3, 2015. RBC Capital Markets maintained Gartner Inc (NYSE:IT) on Friday, November 6 with “Sector Perform” rating. The firm earned “Outperform” rating on Friday, August 26 by Macquarie Research. The rating was initiated by Morgan Stanley on Thursday, September 24 with “Equal-Weight”. The stock of Gartner Inc (NYSE:IT) has “Mkt Perform” rating given on Friday, November 6 by FBR Capital. Sterne Agee CRT initiated the stock with “Buy” rating in Tuesday, March 22 report. The stock of Gartner Inc (NYSE:IT) earned “Overweight” rating by Atlantic Securities on Monday, January 25. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, November 10.
Gartner, Inc., incorporated on June 1, 1990, is an information technology research and advisory company. The Firm works with clients to research, analyze and interpret the business of information technology (IT) within the context of their individual roles. The Firm conducts its activities through three divisions: Research, Consulting and Events. The Research segment consists primarily of subscription research products, access to research inquiry, peer networking services and membership programs. The Consulting segment consists primarily of consulting, measurement engagements and strategic advisory services. The Events segment consists of various symposia, conferences and exhibitions.
More news for Gartner Inc (NYSE:IT) were recently published by: Fool.com, which released: “Gartner Inc. Sales Rise 15%” on November 08, 2016. Economictimes.Indiatimes.com‘s article titled: “Insurers IT spend to go up 9.1%, says Gartner Inc” and published on November 15, 2016 is yet another important article.
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By Ellis Scott