86,800 Shares in Forrester Research, Inc. (NASDAQ:FORR) Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in Forrester Research, Inc. (NASDAQ:FORR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 86,800 shares of the technology company’s stock, valued at approximately $2,327,000. Wellington Management Group LLP owned approximately 0.45% of Forrester Research at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FORR. Vanguard Group Inc. lifted its stake in Forrester Research by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock worth $40,162,000 after acquiring an additional 7,316 shares during the last quarter. M&T Bank Corp lifted its position in shares of Forrester Research by 18.9% during the 4th quarter. M&T Bank Corp now owns 68,482 shares of the technology company’s stock worth $1,836,000 after purchasing an additional 10,909 shares during the last quarter. Cornercap Investment Counsel Inc. grew 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 worth $1,033,000 after purchasing an additional 9,237 shares in the last quarter. Auxier Asset Management increased its holdings in Forrester Research by 2.5% in 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 last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Forrester Research by 2.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 25,456 shares of the technology company’s stock valued at $682,000 after buying an additional 593 shares in the last quarter. 55.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Forrester Research from a “hold” rating to a “buy” rating in a research report on Thursday.

Forrester Research Stock Performance

Shares of Forrester Research stock opened at $17.08 on Monday. The firm has a market capitalization of $326.40 million, a P/E ratio of 569.33, a P/E/G ratio of 1.22 and a beta of 0.92. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.15. Forrester Research, Inc. has a 52 week low of $16.14 and a 52 week high of $32.79. The firm’s 50 day moving average is $17.94 and its two-hundred day moving average is $21.07.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Tuesday, April 30th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). Forrester Research had a net margin of 0.10% and a return on equity of 9.30%. The company had revenue of $100.08 million during the quarter, compared to analysts’ expectations of $104.21 million. Research analysts forecast that Forrester Research, Inc. will post 1.04 EPS 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.