Good information is worth a high price and the recent rise of Gartner Inc. (IT) shares is proof of this. Currently trading at an all-time high with a share price of $52.27, Gartner is one of the big share risers of the moment. The all-time low for this stock was back in March 2009 when the share price declined to $8.33. Wise investors, who bought $10,000 of shares back in March 2009, would now be sitting on $52,749 of capital profit.
The next earnings call for Gartner is scheduled for February 7th and it will be interesting to see if it can maintain its drastic rise on the back of the call.
Founded in 1979 and headquartered in Stamford, Connecticut, Gartner now also has offices in Canada, Europe, the Middle East and Africa. The information provided by Gartner is used as key performance indicators in the information technology, social media, online advertising, computer hardware and communications sectors.
Based on the collective knowledge of the IT executive world community, Gartner reports influence business leaders, decision makers and most importantly share prices. It was a recent Gartner report that influenced the rise in Google (GOOG) shares based on its research of the mobile advertising market.
On February 14th, Gartner will host its annual Investor Day for institutional investors in New York. During the course of the day, the company's senior management will review its business portfolio, strategy for growth and financial performance. Brokers are currently indicating a hold in favor of a buy of Gartner shares, signaling that all eyes will be on the forthcoming earnings call and the outcome of the Investor Day. Among the institutional holders of Gartner is Price (T. Rowe) Associates Inc. with 15.7% stake in the company.
Competitors include Forrester Research (FORR) currently trading at $27.77. The 52-week high and low for Forrester is $20.60 - $36.15. With Forrester's next earnings call scheduled for February 4th, brokers are also currently recommending a hold on Forrester shares.
With the strong demand in the market for good information, both of these companies seem very well strategically placed currently, and would be a wise addition to any well-balanced portfolio.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.