Forrester Research, Inc. (NASDAQ:FORR) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,353 shares of the technology company’s stock after selling 7,817 shares during the period. Sei Investments Co. owned approximately 0.12% of Forrester Research worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in shares of Forrester Research by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 96,308 shares of the technology company’s stock worth $1,735,000 after purchasing an additional 3,289 shares in the last quarter. FMR LLC lifted its holdings in Forrester Research by 138.7% in the third quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,473 shares during the period. BNP Paribas Financial Markets grew its position in Forrester Research by 734.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,916 shares of the technology company’s stock valued at $377,000 after buying an additional 18,410 shares in the last quarter. State Street Corp increased its stake in Forrester Research by 1.0% during the 3rd quarter. State Street Corp now owns 253,181 shares of the technology company’s stock valued at $4,560,000 after buying an additional 2,589 shares during the period. Finally, Barclays PLC raised its position in shares of Forrester Research by 71.1% during the 3rd quarter. Barclays PLC now owns 44,090 shares of the technology company’s stock worth $794,000 after buying an additional 18,319 shares in the last quarter. 55.20% of the stock is owned by institutional investors.

Forrester Research Stock Performance

Shares of FORR opened at $9.02 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50 day moving average is $11.04 and its 200-day moving average is $14.23. Forrester Research, Inc. has a 12-month low of $8.71 and a 12-month high of $20.62. The stock has a market capitalization of $171.21 million, a P/E ratio of -30.07, a P/E/G ratio of 1.22 and a beta of 0.93.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Saturday, December 14th. Sidoti raised Forrester Research to a “hold” rating in a research note on Wednesday, February 12th.

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.