SG Americas Securities LLC Raises Stock Position in Forrester Research, Inc. (NASDAQ:FORR)

SG Americas Securities LLC raised its stake in Forrester Research, Inc. (NASDAQ:FORR) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,380 shares of the technology company’s stock after buying an additional 753 shares during the period. SG Americas Securities LLC’s holdings in Forrester Research were worth $117,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FORR. Bank of Montreal Can purchased a new position in Forrester Research in the first quarter valued at about $200,000. MetLife Investment Management LLC increased its holdings in Forrester Research by 13.2% in the first quarter. MetLife Investment Management LLC now owns 5,365 shares of the technology company’s stock valued at $303,000 after buying an additional 627 shares in the last quarter. Rhumbline Advisers increased its holdings in Forrester Research by 4.8% in the first quarter. Rhumbline Advisers now owns 26,868 shares of the technology company’s stock valued at $1,516,000 after buying an additional 1,227 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Forrester Research by 14.1% in the first 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 last quarter. Finally, Sei Investments Co. grew its position in shares of Forrester Research by 224.5% in the first 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 last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robert Galford sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total transaction of $269,490.00. Following the sale, the director now owns 20,489 shares in the company, valued at $424,736.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 39.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th.

Forrester Research Stock Up 0.4 %

FORR stock opened at $18.61 on Friday. The company’s 50 day simple moving average is $20.38 and its 200-day simple moving average is $23.98. The firm has a market capitalization of $360.85 million, a PE ratio of 109.47, a P/E/G ratio of 1.33 and a beta of 0.91. Forrester Research, Inc. has a 12 month low of $18.30 and a 12 month high of $33.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Forrester Research had a net margin of 0.63% and a return on equity of 10.77%. The business had revenue of $118.09 million during the quarter, compared to analyst estimates of $116.43 million. Equities analysts expect that Forrester Research, Inc. will post 1.04 earnings per share for the current fiscal year.

About Forrester Research

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.