Federated Hermes Inc. Decreases Stake in Forrester Research, Inc. (NASDAQ:FORR)

Federated Hermes Inc. reduced its stake in Forrester Research, Inc. (NASDAQ:FORR) by 8.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 248,593 shares of the technology company’s stock after selling 23,546 shares during the period. Federated Hermes Inc.’s holdings in Forrester Research were worth $6,665,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Cornercap Investment Counsel Inc. increased its stake in shares of Forrester Research by 31.5% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 38,518 shares of the technology company’s stock valued at $1,033,000 after buying an additional 9,237 shares during the period. Total Clarity Wealth Management Inc. increased its stake in shares of Forrester Research by 135.9% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 16,795 shares of the technology company’s stock valued at $450,000 after buying an additional 9,674 shares during the period. SG Americas Securities LLC increased its stake in shares of Forrester Research by 20.8% during the fourth quarter. SG Americas Securities LLC now owns 4,380 shares of the technology company’s stock valued at $117,000 after buying an additional 753 shares during the period. Vanguard Group Inc. increased its stake in shares of Forrester Research by 0.5% during the third quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock valued at $40,162,000 after buying an additional 7,316 shares during the period. Finally, Auxier Asset Management increased its stake in shares of Forrester Research by 2.5% during the third quarter. Auxier Asset Management now owns 35,783 shares of the technology company’s stock valued at $1,034,000 after buying an additional 867 shares during the period. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Price Performance

Shares of FORR stock opened at $18.56 on Friday. The stock has a market cap of $359.88 million, a price-to-earnings ratio of 109.18, a PEG ratio of 1.35 and a beta of 0.91. The business’s fifty day moving average is $20.07 and its 200 day moving average is $23.59. Forrester Research, Inc. has a twelve month low of $18.10 and a twelve month high of $32.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

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

Insider Buying and Selling

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $20.73, for a total value of $269,490.00. Following the sale, the director now directly owns 20,489 shares of the company’s stock, valued at $424,736.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Friday, April 19th.

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.