Victory Capital Management Inc. Sells 5,487 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Victory Capital Management Inc. cut its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 61.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,424 shares of the technology company’s stock after selling 5,487 shares during the period. Victory Capital Management Inc.’s holdings in Forrester Research were worth $100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FORR. Bank of Montreal Can bought a new position in Forrester Research in the 1st quarter worth approximately $200,000. MetLife Investment Management LLC boosted its holdings in Forrester Research by 13.2% in the 1st quarter. MetLife Investment Management LLC now owns 5,365 shares of the technology company’s stock valued at $303,000 after purchasing an additional 627 shares during the period. Rhumbline Advisers boosted its holdings in Forrester Research by 4.8% in the 1st quarter. Rhumbline Advisers now owns 26,868 shares of the technology company’s stock valued at $1,516,000 after purchasing an additional 1,227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Forrester Research by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,586 shares of the technology company’s stock valued at $541,000 after purchasing an additional 1,182 shares during the period. Finally, Sei Investments Co. boosted its holdings in Forrester Research by 224.5% in the 1st quarter. Sei Investments Co. now owns 16,929 shares of the technology company’s stock valued at $950,000 after purchasing an additional 11,712 shares during the period. 55.20% of the stock is owned by institutional investors.

Forrester Research Stock Performance

Forrester Research stock opened at $23.54 on Monday. The firm’s fifty day moving average price is $28.60 and its 200-day moving average price is $29.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $454.32 million, a P/E ratio of 214.02, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92. Forrester Research, Inc. has a fifty-two week low of $22.26 and a fifty-two week high of $39.09.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com assumed coverage on shares of Forrester Research in a report on Thursday, October 5th. They issued a “buy” rating for the company. Barrington Research downgraded shares of Forrester Research from an “outperform” rating to a “market perform” rating in a report on Monday, October 30th.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.