William Blair Reiterates Outperform Rating on Gartner (IT)

William Blair & Company is out with a research report this morning, where it reiterates its Outperform rating on Gartner Inc. IT; it did not provide a price target for the stock. The WB analysts are also increasing their 2010 EPS estimates to $1.07, from $1.02, after the company reported earnings that bear estimates. The company said that revenues increased 16%year over year and that research contract value was up 19% year over year. The analysts also noted that IT’s client retention rate was 81%, up 1% from last quarter; wallet retention was 93%, up from 89% last period. Gartner, Inc. is an information technology research and advisory company. The company is a partner to 60,000 clients in 10,000 distinct organizations in over 80 countries. The company's principal products and services are delivered through its Research, Consulting and Events segments. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.