The Somewhat Positive News Coverage Very Likely to Affect Gartner (IT) Stock Price

The Somewhat Positive News Coverage Very Likely to Affect Gartner (IT) Stock Price

Here are some of the media stories that may have impacted AlphaOne Sentiment Analysis’s rankings:

News coverage about Gartner (NYSE:IT) has been trending somewhat positive on Monday, according to AlphaOne Sentiment. The research group, a division of Accern, identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gartner earned a coverage optimism score of 0.17 on AlphaOne’s scale. AlphaOne also assigned media stories about the information technology services provider an impact score of 82 out of 100, meaning that recent media coverage is very likely to have an impact on the stock’s share price in the next several days.

Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Royal Bank of Canada upgraded shares of Gartner from an “outperform” rating to a “top pick” rating and increased their price target for the stock from $117.00 to $124.00 in a research note on Monday, March 13th. BMO Capital Markets reiterated a “buy” rating and issued a $110.00 price target on shares of Gartner in a research note on Wednesday, April 5th. Barclays PLC increased their price target on shares of Gartner from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 6th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $124.00 price objective on shares of Gartner in a research note on Tuesday, April 11th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Gartner has a consensus rating of “Buy” and a consensus price target of $118.36. Gartner (NYSE:IT) opened at 120.87 on Monday. The firm’s 50-day moving average is $114.28 and its 200 day moving average is $106.25. Gartner has a one year low of $84.54 and a one year high of $120.92. The stock has a market cap of $10.93 billion, a P/E ratio of 54.94 and a beta of 1.09.

Gartner (NYSE:IT) last posted its earnings results on Thursday, May 4th. The information technology services provider reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $625.17 million for the quarter, compared to analysts’ expectations of $612.84 million. Gartner had a negative return on equity of 408.56% and a net margin of 7.57%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, analysts anticipate that Gartner will post $3.48 EPS for the current fiscal year. In other Gartner news, CEO Eugene A. Hall sold 38,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $117.86, for a total transaction of $4,572,968.00. Following the completion of the sale, the chief executive officer now owns 1,304,375 shares in the company, valued at approximately $153,733,637.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $117.86, for a total value of $117,860.00. Following the transaction, the senior vice president now directly owns 28,085 shares in the company, valued at approximately $3,310,098.10. The disclosure for this sale can be found here. Insiders sold 45,372 shares of company stock worth $5,320,145 over the last 90 days. Company insiders own 4.40% of the company’s stock.

Gartner (NYSE:IT) last posted its earnings results on Thursday, May 4th. The information technology services provider reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $625.17 million for the quarter, compared to analysts’ expectations of $612.84 million. Gartner had a negative return on equity of 408.56% and a net margin of 7.57%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, analysts anticipate that Gartner will post $3.48 EPS for the current fiscal year. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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