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Morgan Stanley Remains a Hold on Gartner (IT)

In a report released yesterday, Toni Kaplan from Morgan Stanley maintained a Hold rating on Gartner (ITResearch Report), with a price target of $339.00. The company’s shares closed last Wednesday at $302.90.

According to TipRanks.com, Kaplan is a 2-star analyst with an average return of 0.2% and a 50.8% success rate. Kaplan covers the Services sector, focusing on stocks such as Terminix Global Holdings, Advantage Solutions, and ARAMARK Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Gartner with a $339.50 average price target, representing a 9.5% upside. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $340.00 price target.

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Based on Gartner’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.31 billion and net profit of $209 million. In comparison, last year the company earned revenue of $1.11 billion and had a net profit of $120 million.

Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gartner, Inc. is a research and advisory company, which delivers technology-related insights to its clients to make right decisions. It operates through the following segments: Research, Consulting and Conferences. The Research segment gives advices on the mission-critical priorities of leaders. The Consulting segment offers customized solutions to unique client needs through on-site, day-to-day support, and proprietary tools for measuring and improving IT performance. The Conferences segment involves in the business professionals across the organization. The company was founded by Gideon I. Gartner and Dave L. R. Stein in 1979 and is headquartered in Stamford, CT.

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