Nisa Investment Advisors LLC Has $30,000 Position in Forrester Research, Inc. (NASDAQ:FORR)

Nisa Investment Advisors LLC cut its stake in Forrester Research, Inc. (NASDAQ:FORR) by 60.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,739 shares of the technology company’s stock after selling 2,661 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Forrester Research were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC purchased a new position in Forrester Research in the first quarter valued at about $812,000. Wellington Management Group LLP bought a new position in Forrester Research during the fourth quarter valued at approximately $2,327,000. Assenagon Asset Management S.A. acquired a new stake in Forrester Research in the second quarter valued at approximately $995,000. Quadrature Capital Ltd bought a new stake in Forrester Research in the first quarter worth approximately $315,000. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Forrester Research during the 1st quarter valued at $186,000. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Forrester Research

In other news, insider Ryan Darrah sold 3,895 shares of Forrester Research stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $18.26, for a total value of $71,122.70. Following the transaction, the insider now directly owns 19,640 shares in the company, valued at $358,626.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 39.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Forrester Research Stock Up 2.9 %

Shares of FORR stock opened at $18.95 on Tuesday. The stock’s 50 day simple moving average is $17.94 and its 200 day simple moving average is $18.84. Forrester Research, Inc. has a twelve month low of $16.14 and a twelve month high of $31.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $362.08 million, a price-to-earnings ratio of 631.67, a PEG ratio of 1.40 and a beta of 0.91.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). Forrester Research had a net margin of 0.32% and a return on equity of 6.54%. As a group, research analysts predict that Forrester Research, Inc. will post 1.01 EPS for the current year.

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.