Headlines about Gartner (NYSE:IT) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gartner earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 46.4072133814337 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Nuxeo Named a Visionary in the 2017 Gartner Magic Quadrant for Content Services Platforms – GlobeNewswire (press release) (globenewswire.com)
- Guidewire InsuranceSuite Positioned as a Leader in Gartner’s Magic … – Business Wire (press release) (businesswire.com)
- Gartner, Inc. (IT) Reports Worldwide PC Shipments Fall 3.6% in 3Q17; ’12th Consecutive Quarter of Declining PC … – StreetInsider.com (streetinsider.com)
- Gartner Positions M-Files in the ?Visionaries Quadrant of the 2017 Magic Quadrant for Content Services Platforms (itbusinessnet.com)
- Data Management “Hype Cycle” Revealed in Gartner 2017 Report (scmr.com)
A number of research firms have weighed in on IT. BidaskClub downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. BMO Capital Markets restated an “outperform” rating and issued a $132.00 target price (down from $137.00) on shares of Gartner in a research report on Monday, August 14th. Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Credit Suisse Group restated an “outperform” rating and issued a $138.00 target price (up from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $105.00 target price on shares of Gartner in a research report on Thursday, August 31st. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $126.56.
Shares of Gartner (NYSE IT) opened at 123.75 on Wednesday. The firm has a market cap of $11.21 billion, a P/E ratio of 254.11 and a beta of 1.07. Gartner has a 12 month low of $84.54 and a 12 month high of $130.02. The stock’s 50 day moving average price is $122.42 and its 200-day moving average price is $119.61.
Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $843.73 million during the quarter, compared to analyst estimates of $892.64 million. Gartner had a net margin of 1.50% and a return on equity of 103.10%. Gartner’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Equities research analysts anticipate that Gartner will post $3.41 earnings per share for the current fiscal year.
In other Gartner news, SVP Robin B. Kranich sold 7,487 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $120.08, for a total value of $899,038.96. Following the transaction, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at $2,557,463.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anne Sutherland Fuchs sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $117.02, for a total transaction of $585,100.00. Following the completion of the transaction, the director now directly owns 29,895 shares in the company, valued at $3,498,312.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,363 shares of company stock worth $2,775,387. Insiders own 4.40% 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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