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

SG Americas Securities LLC raised its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 20.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 quarter.

A number of other institutional investors have also modified their holdings of the stock. Bank of Montreal Can acquired a new stake in shares of Forrester Research during the 1st quarter valued at about $200,000. MetLife Investment Management LLC boosted its holdings in shares of Forrester Research by 13.2% during the 1st quarter. MetLife Investment Management LLC now owns 5,365 shares of the technology company’s stock worth $303,000 after purchasing an additional 627 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Forrester Research by 4.8% during the 1st quarter. Rhumbline Advisers now owns 26,868 shares of the technology company’s stock worth $1,516,000 after purchasing an additional 1,227 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Forrester Research by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,586 shares of the technology company’s stock worth $541,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Forrester Research by 224.5% during the 1st quarter. Sei Investments Co. now owns 16,929 shares of the technology company’s stock worth $950,000 after purchasing an additional 11,712 shares during the last quarter. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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 firm has a market cap of $360.85 million, a PE ratio of 109.47, a PEG ratio of 1.33 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The firm’s 50 day moving average price is $20.38 and its 200-day moving average price is $23.98. Forrester Research, Inc. has a one year low of $18.30 and a one year high of $33.75.

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). The firm had revenue of $118.09 million for the quarter, compared to analysts’ expectations of $116.43 million. Forrester Research had a net margin of 0.63% and a return on equity of 10.77%. On average, equities research analysts anticipate that Forrester Research, Inc. will post 1.04 EPS for the current year.

Insider Activity

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the business’s stock in a transaction that occurred 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 owns 20,489 shares of the company’s stock, valued at $424,736.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 39.20% of the company’s stock.

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.