News articles about Gartner (NYSE:IT) have trended positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog 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 0.27 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 47.3758780429373 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s analysis:
- Head-To-Head Contrast: Booz Allen Hamilton (BAH) vs. Gartner (IT) (americanbankingnews.com)
- Gartner (IT) Raised to “B-” at TheStreet (americanbankingnews.com)
- Gartner Inc (IT) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- LinkedIn’s $27 Billion Challenge: Get People to Use It More (msn.com)
- Worldwide Integrated System revenue to grow 18.4 percent in 2018: Gartner – ChannelWorld.in (channelworld.in)
Shares of IT stock traded up $0.87 on Friday, hitting $124.02. The company had a trading volume of 700,557 shares, compared to its average volume of 760,909. Gartner has a twelve month low of $107.00 and a twelve month high of $142.16. The stock has a market cap of $11,265.11, a price-to-earnings ratio of 4,134.00, a P/E/G ratio of 2.04 and a beta of 1.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.95.
Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 42.47%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was up 44.3% on a year-over-year basis. equities research analysts forecast that Gartner will post 3.92 EPS for the current year.
IT has been the topic of several research reports. Royal Bank of Canada reaffirmed a “top pick” rating and issued a $144.00 target price on shares of Gartner in a research report on Friday, February 16th. Zacks Investment Research lowered Gartner from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. BMO Capital Markets cut their target price on Gartner from $139.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. TheStreet lowered Gartner from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $139.00 target price on shares of Gartner in a research report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Gartner currently has a consensus rating of “Buy” and a consensus target price of $138.90.
In related news, EVP Robin B. Kranich sold 5,713 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $116.15, for a total value of $663,564.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alwyn Dawkins sold 2,000 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $122.82, for a total value of $245,640.00. Following the completion of the sale, the executive vice president now owns 32,133 shares of the company’s stock, valued at $3,946,575.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,855 shares of company stock valued at $9,818,666. 4.30% of the stock is owned by insiders.
WARNING: “Favorable News Coverage Somewhat Unlikely to Impact Gartner (IT) Share Price” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2018/03/18/favorable-news-coverage-somewhat-unlikely-to-impact-gartner-it-share-price.html.
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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