Acadian Asset Management LLC decreased its stake in Forrester Research, Inc. (NASDAQ:FORR – Free Report) by 71.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,742 shares of the technology company’s stock after selling 19,447 shares during the quarter. Acadian Asset Management LLC’s holdings in Forrester Research were worth $225,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. M&T Bank Corp grew its position in shares of Forrester Research by 90.6% in the first quarter. M&T Bank Corp now owns 33,142 shares of the technology company’s stock valued at $1,072,000 after purchasing an additional 15,753 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of Forrester Research in the second quarter valued at about $1,417,000. Los Angeles Capital Management LLC grew its position in shares of Forrester Research by 4.2% in the second quarter. Los Angeles Capital Management LLC now owns 19,901 shares of the technology company’s stock valued at $579,000 after purchasing an additional 800 shares during the period. Inspire Investing LLC lifted its stake in shares of Forrester Research by 27.1% in the second quarter. Inspire Investing LLC now owns 10,779 shares of the technology company’s stock worth $314,000 after buying an additional 2,300 shares in the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of Forrester Research in the second quarter worth about $143,000. Institutional investors and hedge funds own 55.20% of the company’s stock.
Wall Street Analysts Forecast Growth
FORR has been the topic of several research reports. Barrington Research downgraded shares of Forrester Research from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. StockNews.com initiated coverage on shares of Forrester Research in a research note on Thursday, October 5th. They issued a “buy” rating on the stock.
Forrester Research Price Performance
Shares of FORR stock opened at $24.58 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day moving average is $27.36 and its two-hundred day moving average is $28.99. Forrester Research, Inc. has a 12 month low of $22.26 and a 12 month high of $39.09. The company has a market capitalization of $472.92 million, a PE ratio of 223.47, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92.
Forrester Research (NASDAQ:FORR – Get Free Report) last issued its earnings results on Thursday, October 26th. The technology company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. Forrester Research had a net margin of 0.42% and a return on equity of 12.84%. The company had revenue of $113.43 million for the quarter, compared to the consensus estimate of $113.44 million. Analysts predict that Forrester Research, Inc. will post 1.36 earnings per share for the current year.
Forrester Research 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.
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