Gartner, Inc. (NYSE:IT) is McCollum Christoferson Group LLC’s 7th Largest Position

McCollum Christoferson Group LLC reduced its position in shares of Gartner, Inc. (NYSE:IT) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 25,823 shares of the information technology services provider’s stock after selling 219 shares during the quarter. Gartner makes up about 3.7% of McCollum Christoferson Group LLC’s portfolio, making the stock its 7th biggest position. McCollum Christoferson Group LLC’s holdings in Gartner were worth $12,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Inc. raised its position in Gartner by 4.4% during the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $219,000 after purchasing an additional 19 shares during the period. Gilbert & Cook Inc. raised its holdings in Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after buying an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in Gartner by 2.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock valued at $400,000 after buying an additional 20 shares during the period. Parallel Advisors LLC boosted its stake in Gartner by 2.9% during the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock worth $357,000 after buying an additional 21 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after buying an additional 22 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Gartner news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Gartner Trading Up 2.7 %

IT opened at $430.03 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock’s fifty day moving average is $502.37 and its two-hundred day moving average is $507.99. The company has a market capitalization of $33.03 billion, a P/E ratio of 26.83, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 52 week low of $409.50 and a 52 week high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $3.04 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IT shares. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley cut their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company decreased their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Finally, Robert W. Baird cut their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Gartner has a consensus rating of “Hold” and a consensus target price of $546.63.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.