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

McCollum Christoferson Group LLC trimmed its position in Gartner, Inc. (NYSE:IT) by 15.3% during the fourth quarter, according to its most recent disclosure 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 accounts for 1.6% of McCollum Christoferson Group LLC’s holdings, making the stock its 27th largest holding. McCollum Christoferson Group LLC’s holdings in Gartner were worth $5,376,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its holdings in shares of Gartner by 28.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock worth $32,244,000 after buying an additional 27,497 shares in the last quarter. Madison Asset Management LLC boosted its stake in Gartner by 1.8% in the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after buying an additional 12,998 shares in the last quarter. Barclays PLC grew its position in Gartner by 10.6% in the third quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock valued at $66,380,000 after acquiring an additional 24,116 shares during the last quarter. Weitz Investment Management Inc. grew its position in Gartner by 22.1% in the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock valued at $28,226,000 after acquiring an additional 19,450 shares during the last quarter. Finally, Buttonwood Financial Advisors Inc. acquired a new position in Gartner during the third quarter worth about $1,581,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IT shares. The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 target price on shares of Gartner in a report on Thursday, February 5th. Robert W. Baird set a $240.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. Morgan Stanley cut their target price on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company lowered their price target on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $190.70.

Gartner Stock Performance

NYSE:IT opened at $162.73 on Tuesday. The stock has a market cap of $11.46 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The stock’s 50-day moving average is $179.53 and its 200-day moving average is $220.92. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $451.73.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the firm posted $5.45 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

About Gartner

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.