Trade-Ideas LLC identified

Gartner

(

IT

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Gartner as such a stock due to the following factors:

  • IT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $30.8 million.
  • IT has traded 11,129 shares today.
  • IT is trading at a new lifetime high.

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More details on IT:

Gartner, Inc. provides independent and objective research and analysis on the information technology (IT), computer hardware, software, communications, and related technology industries in the United States, Canada, Europe, the Middle East, Africa, and internationally. IT has a PE ratio of 47. Currently there are 3 analysts that rate Gartner a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Gartner has been 321,300 shares per day over the past 30 days. Gartner has a market cap of $7.6 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 0.89 and a short float of 2.2% with 4.89 days to cover. Shares are up 9.5% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Gartner as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 27.0%. Since the same quarter one year prior, revenues slightly increased by 6.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The gross profit margin for GARTNER INC is rather high; currently it is at 61.29%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, IT's net profit margin of 6.07% significantly trails the industry average.
  • GARTNER INC's earnings per share declined by 5.3% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, GARTNER INC increased its bottom line by earning $2.02 versus $1.92 in the prior year. This year, the market expects an improvement in earnings ($2.34 versus $2.02).
  • After a year of stock price fluctuations, the net result is that IT's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
  • Net operating cash flow has declined marginally to $116.90 million or 4.84% when compared to the same quarter last year. Despite a decrease in cash flow of 4.84%, GARTNER INC is in line with the industry average cash flow growth rate of -11.27%.

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