Gartner Inc (IT) is Initiated by Macquarie to Outperform, Price Target at $108

Gartner Inc (IT) was Initiated by Macquarie to “Outperform” and the brokerage firm has set the Price Target at $108. Macquarie advised their investors in a research report released on Aug 26, 2016.

On the company’s financial health, Gartner Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $610.00 million for the quarter, compared to analysts expectations of $598.41 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Gartner Inc closed down -0.08 points or -0.09% at $90.91 with 2,48,617 shares getting traded on Tuesday. Post opening the session at $91.21, the shares hit an intraday low of $90.89 and an intraday high of $91.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 22, 2016, Karen E Dykstra (director) sold 3,086 shares at $90.98 per share price. According to the SEC, on Aug 12, 2016, David Godfrey (SVP Worldwide Sales) sold 10,198 shares at $94.10 per share price. On Jun 14, 2016, Alwyn Dawkins (SVP, Events) sold 2,000 shares at $100.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Gartner Inc. is an information technology (IT) research and advisory company. The Company has three business segments: Research Consulting and Events. Research segment provides objective insight on critical and timely technology and supply chain initiatives for CIOs (Chief Information Officers) other IT professionals supply chain leaders digital marketing professionals technology companies and the institutional investment community through reports briefings tools access to its analysts peer networking services and membership programs. Consulting segment provides customized solutions to client needs through on-site day-to-day support as well as tools for measuring and improving IT performance with a focus on cost performance efficiency and quality. Events segment provides IT supply chain and business professionals the opportunity to attend various symposia conferences and exhibitions to learn contribute and network with the peers.

Gartner Inc

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