Gartner Inc (NYSE:IT) Position Boosted by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC grew its position in shares of Gartner Inc (NYSE:IT) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,077 shares of the information technology services provider’s stock after purchasing an additional 855 shares during the quarter. McCollum Christoferson Group LLC’s holdings in Gartner were worth $4,410,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new position in Gartner during the 4th quarter worth $176,000. National Pension Service raised its stake in shares of Gartner by 4.7% during the 4th quarter. National Pension Service now owns 118,545 shares of the information technology services provider’s stock worth $16,900,000 after purchasing an additional 5,314 shares during the period. Standard Life Aberdeen plc raised its stake in shares of Gartner by 13.3% during the 3rd quarter. Standard Life Aberdeen plc now owns 23,991 shares of the information technology services provider’s stock worth $3,802,000 after purchasing an additional 2,814 shares during the period. Nordea Investment Management AB raised its stake in shares of Gartner by 37.1% during the 3rd quarter. Nordea Investment Management AB now owns 4,574 shares of the information technology services provider’s stock worth $725,000 after purchasing an additional 1,237 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Gartner by 3.6% during the 4th quarter. Raymond James & Associates now owns 33,449 shares of the information technology services provider’s stock worth $4,276,000 after purchasing an additional 1,164 shares during the period. Hedge funds and other institutional investors own 99.30% of the company’s stock.

In other news, EVP Alwyn Dawkins sold 1,909 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $142.01, for a total transaction of $271,097.09. Following the completion of the transaction, the executive vice president now owns 35,822 shares of the company’s stock, valued at $5,087,082.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig Safian sold 3,635 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $140.64, for a total value of $511,226.40. Following the transaction, the chief financial officer now directly owns 33,008 shares of the company’s stock, valued at approximately $4,642,245.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,234 shares of company stock worth $16,211,414. Company insiders own 4.00% of the company’s stock.

Shares of Gartner stock opened at $159.98 on Friday. Gartner Inc has a 52-week low of $120.47 and a 52-week high of $161.24. The stock has a market capitalization of $14.35 billion, a P/E ratio of 42.21, a PEG ratio of 2.82 and a beta of 1.31. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 2.49.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.05). Gartner had a net margin of 3.08% and a return on equity of 37.74%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that Gartner Inc will post 3.97 EPS for the current year.

A number of research firms have recently commented on IT. Zacks Investment Research cut Gartner from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a research note on Tuesday, February 5th. Robert W. Baird reiterated a “buy” rating and set a $156.00 target price on shares of Gartner in a research note on Wednesday, February 6th. Bank of America reiterated a “buy” rating and set a $150.00 target price on shares of Gartner in a research note on Wednesday, February 6th. Finally, BMO Capital Markets cut Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price objective on the stock. in a research note on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Gartner currently has a consensus rating of “Hold” and a consensus target price of $143.29.

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Gartner Profile

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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