Gartner Inc. (NYSE:IT) went up by 0.04% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Information Technology Services giant went up by $122.14 to trade ended Tuesday trading at $122.09. This is up from the $122.09 price recorded on Monday’s trading session. Thanks to this latest performance, IT is closer to the higher price 52-week target of $152.00 and further from the lowest price target of $90.00. Its performance from the start of the year has also been negative, with IT down by -20.74% year-to-date.
Gartner Inc. (IT) started the day trading at $123.94 and recorded an intraday high of $123.94. It also recorded an intraday low of $121.47 during Tuesday’s trading session. Gartner Inc. is a very active stock that recorded a trading volume that is less than -68.95% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 422389, which is less than -68.95 of the total average daily trading volume of 713.61K.
Gartner Inc. (NYSE:IT) 2020 Performance Impressive
The increase in IT’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of IT currently stands at $171.77, which is higher than the current trading price of the stock by 28.89%. However, IT’s current trading price is -58.81% lower than the 52-week low price of $76.91. In terms of trading volume, Gartner Inc. currently experienced healthy participation during the last trading session. 422389 shares of Gartner Inc. were traded on the stock exchange on Tuesday, which is less than -68.95% of the 713.61K average trading volume of the stock.
The performance of the stock has been positive over the past year. IT’s performance over the past one year has seen it plunge by -24.53%, while the stock has gone down by -20.20% in the last six months. The quarterly performance of IT currently stands at 33.25%, and it is up by 3.85% in the last month. The only positive figure was from the weekly performance, which currently reads 0.05%. At the time of writing IT’s report, the company has a total market cap of $11.06B, making it one of the largest publicly-traded companies in the world.Gartner Inc. also has over 16724 employees all over the world.
IT Insider Activities
For Gartner Inc., insiders hold 95.30% of all company shares. The insider transactions over the past six months are up by 8.60%. During that period, insiders bought 246,221 shares in 74 transactions. In that same period, insiders sold 115,778 of their shares in 54 transactions. After these transactions, insiders at Gartner Inc. now hold 2.9M shares, which is over 101.49% of the total company stocks. Institutional investors currently hold a large chunk of the IT shares, as they control 3.25% of the company’s total stock.
IT Fundamental Analysis
For Gartner Inc., the stock’s diluted earnings per share (EPS) stands at 3.17. In the coming year, analysts expect the EPS to be 3.62. The EPS growth will up over the next five years to 5.75% after surging by 4.80% in the previous five years. In terms of revenue, Gartner Inc.’s quarterly sales (YOY) is growing at 0.81, which is lower than the average annual revenue of 4.80% over the past half a decade.
The Return on Investment (ROI) on Gartner Inc.’s stock currently stands at 10.40%, and it has a net profit margin of 6.70%. The operating margin of the company is 10.40%, and its gross margin is 64.00%.
IT Analysts Prediction
Another analyst that has a Buy rating for IT is BofA/Merrill, which set a price target of between $150 and $157.
BofA/Merrill and Goldman also believe that Gartner Inc.’s stock is outperforming at the moment. IT received a positive rating from RBC Capital Mkts, which set a price target of $124-$130 for the stock.
At the moment, Gartner Inc.’s Total Debt to Equity ratio stands at 2.45, and they have a long-term Debt to Equity ratio of 2.29.
IT Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of IT currently stands at -2.03%, while the SMA50 is 4.00%. The biggest one is the SMA200, which is currently reading -10.22% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 51.16, while its price to earnings ratio (P/E) is 38.53.
