Gartner (IT) Getting Somewhat Favorable Press Coverage, Study Shows
Media stories about Gartner (NYSE:IT) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. 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 daily sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the information technology services provider an impact score of 44.9325488971693 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Qatar- Global IT spending to reach $3.7trn in 2018 (menafn.com)
- Gartner, Inc. (IT) Stock Rating Reaffirmed by BMO Capital Markets (americanbankingnews.com)
- Gartner Says Worldwide Semiconductor Revenue to Reach $411 Billion in 2017 (gartner.com)
- Public cloud revenues are growing even faster than expected, Gartner says (siliconangle.com)
- Gartner Announces Winners of the Gartner Peer Insights Customer Choice Awards for Business Intelligence and … – Business Wire (press release) (businesswire.com)
IT has been the topic of several recent research reports. Royal Bank Of Canada reissued a “top pick” rating and set a $142.00 price objective (up previously from $130.00) on shares of Gartner in a report on Friday, July 21st. Piper Jaffray Companies reissued a “hold” rating and set a $105.00 price objective on shares of Gartner in a report on Thursday, August 31st. TheStreet downgraded Gartner from a “b” rating to a “c+” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $138.00 target price (up from $130.00) on shares of Gartner in a report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Gartner presently has an average rating of “Buy” and an average price target of $127.11.
Shares of Gartner (IT) traded up 0.53% during mid-day trading on Friday, reaching $124.24. The company had a trading volume of 381,642 shares. Gartner has a 12-month low of $84.54 and a 12-month high of $130.02. The company has a market capitalization of $11.26 billion, a P/E ratio of 255.11 and a beta of 1.07. The firm has a 50-day moving average of $122.85 and a 200-day moving average of $119.78.
Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 8th. The information technology services provider reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The business had revenue of $843.73 million during the quarter, compared to analyst estimates of $892.64 million. During the same period last year, the business posted $0.75 earnings per share. Gartner’s quarterly revenue was up 38.3% compared to the same quarter last year. On average, equities analysts anticipate that Gartner will post $3.41 earnings per share for the current fiscal year.
In other news, SVP Robin B. Kranich sold 7,487 shares of Gartner stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $120.08, for a total transaction of $899,038.96. Following the completion of the transaction, the senior vice president now directly owns 21,298 shares in the company, valued at $2,557,463.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $118.62, for a total transaction of $118,620.00. Following the transaction, the senior vice president now owns 27,137 shares of the company’s stock, valued at $3,218,990.94. The disclosure for this sale can be found here. Insiders have sold 23,363 shares of company stock valued at $2,775,387 over the last quarter. Company insiders own 4.40% of the company’s stock.
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.
Receive News & Stock Ratings for Gartner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner Inc. and related stocks with our FREE daily email newsletter.