When is Gartner, Inc. (IT) going to be good investment? – Marketing Sentinel

When is Gartner, Inc. (IT) going to be good investment?

Gartner, Inc. (NYSE:IT) has a beta value of 1.61 and has seen 1,593,405 shares traded in the recent trading session. The company, currently valued at $19.42 Billion, closed the recent trade at $221.48 per share which meant it gained $24.07 on the day or 12.19% during that session. The IT stock price is -7.95% off its 52-week high price of $239.09 and 55.95% above the 52-week low of $97.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 747.08 Million shares traded. The 3-month trading volume is 537.97 Million shares.

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The consensus among analysts is that Gartner, Inc. (IT) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.05.

Gartner, Inc. (NYSE:IT) trade information

Sporting 12.19% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, May 04 when the IT stock price touched $239.07 or saw a rise of 7.09%. Year-to-date, Gartner, Inc. shares have moved 38.67%, while the 5-day performance has seen it change 12.11%. Over the past 30 days, the shares of Gartner, Inc. (NYSE:IT) have changed 18.61%. Short interest in the company has seen 1.14 Million shares shorted with days to cover at 0.

Wall Street analysts have a consensus price target for the stock at $201.57, which means that the shares’ value could jump -8.99% from the levels at last check today. The projected low price target is $183 while the price target rests at a high of $220. In that case, then, we find that the latest price level in today’s session is -0.67% off the targeted high while a plunge would see the stock lose -17.37% from the levels at last check today.

Gartner, Inc. (IT) estimates and forecasts

Figures show that Gartner, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +66.9% over the past 6 months, with this year growth rate of -15.13%, compared to 0.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -12.5% and -9.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +7.3%.

5 analysts offering their estimates for the company have set an average revenue estimate of $1.05 Billion for the current quarter. 5 have an estimated revenue figure of $1.08 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $1.02 Billion and $973.1 Million respectively for this quarter and the next, and analysts expect sales will grow by 3.1% for the current quarter and 11.4% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +7.5% over the past 5 years. Earnings growth for 2021 is a modest +15.6% while over the next 5 years, the company’s earnings are expected to increase by 9.95%.

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Gartner, Inc. (NYSE:IT)’s Major holders

Insiders own 2.92% of the company shares, while shares held by institutions stand at 95.75% with a share float percentage of 98.62%. Investors are also buoyed by the number of investors in a company, with Gartner, Inc. having a total of 782 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 9.38 Million shares worth more than $1.5 Billion. As of December 30, 2020, Vanguard Group, Inc. (The) held 10.78% of shares outstanding.

The other major institutional holder is Polen Capital Management, LLC, with the holding of over 6.32 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.01 Billion and represent 7.27% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Principal Mid Cap Fund. As of December 30, 2020, the former fund manager holds about 2.76% shares in the company for having 2399434 shares of worth $384.37 Million while later fund manager owns 2.3 Million shares of worth $349.17 Million as of January 30, 2021, which makes it owner of about 2.64% of company’s outstanding stock.

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