McCollum Christoferson Group LLC Has $5.38 Million Position in Gartner, Inc. $IT

McCollum Christoferson Group LLC decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,310 shares of the information technology services provider’s stock after selling 3,845 shares during the quarter. Gartner makes up 1.6% of McCollum Christoferson Group LLC’s holdings, making the stock its 27th biggest position. McCollum Christoferson Group LLC’s holdings in Gartner were worth $5,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. Osterweis Capital Management Inc. acquired a new position in shares of Gartner in the second quarter valued at $48,000. True Wealth Design LLC lifted its stake in shares of Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after buying an additional 147 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in shares of Gartner during the 4th quarter worth about $40,000. Versant Capital Management Inc boosted its holdings in shares of Gartner by 1,284.6% during the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after buying an additional 167 shares during the period. Finally, Caldwell Trust Co acquired a new position in Gartner in the 2nd quarter valued at about $81,000. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IT has been the topic of several research analyst reports. Morgan Stanley lowered their price target on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Barclays lowered their target price on Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Wells Fargo & Company decreased their price objective on Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Finally, Royal Bank Of Canada set a $175.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $190.70.

Gartner Price Performance

Shares of NYSE IT opened at $162.73 on Tuesday. The business has a fifty day moving average price of $179.53 and a two-hundred day moving average price of $220.92. The stock has a market capitalization of $11.46 billion, a PE ratio of 16.86, a P/E/G ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $451.73.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business earned $5.45 earnings per share. Gartner’s revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, equities analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.