Headlines about Gartner (NYSE:IT) have been trending somewhat positive on Saturday, Alpha One reports. Alpha One, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gartner earned a coverage optimism score of 0.17 on Alpha One’s scale. Alpha One also assigned news articles about the information technology services provider an impact score of 82 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Alpha One Sentiment’s rankings:
Shares of Gartner (NYSE:IT) traded up 0.27% during midday trading on Friday, hitting $113.22. 1,208,132 shares of the stock were exchanged. The stock’s 50-day moving average price is $111.03 and its 200 day moving average price is $102.71. The stock has a market cap of $9.36 billion, a P/E ratio of 49.01 and a beta of 1.09. Gartner has a one year low of $84.54 and a one year high of $116.48.
Gartner (NYSE:IT) last posted its quarterly earnings data on Thursday, May 4th. The information technology services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. Gartner had a net margin of 7.57% and a negative return on equity of 408.56%. The firm had revenue of $625.17 million for the quarter, compared to analysts’ expectations of $612.84 million. During the same period in the prior year, the company posted $0.67 earnings per share. Gartner’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts anticipate that Gartner will post $3.50 earnings per share for the current year.
IT has been the subject of a number of research reports. Credit Suisse Group AG restated a “buy” rating and set a $124.00 target price on shares of Gartner in a research report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Gartner from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. BMO Capital Markets upgraded shares of Gartner from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research report on Friday, January 6th. Barclays PLC upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $96.00 to $115.00 in a research report on Monday, January 9th. Finally, Macquarie cut shares of Gartner from an “outperform” rating to a “neutral” rating in a research report on Friday, January 6th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $113.73.
In other news, CEO Eugene A. Hall sold 61,181 shares of the company’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $101.41, for a total value of $6,204,365.21. Following the transaction, the chief executive officer now owns 1,173,566 shares in the company, valued at approximately $119,011,328.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alwyn Dawkins sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $101.35, for a total value of $506,750.00. Following the completion of the transaction, the senior vice president now owns 49,183 shares in the company, valued at approximately $4,984,697.05. The disclosure for this sale can be found here. Insiders sold a total of 76,466 shares of company stock worth $7,770,367 in the last quarter. 4.40% of the stock is owned by corporate insiders.
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.