Forrester Research, Inc. (NASDAQ:FORR) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 5.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 59,248 shares of the technology company’s stock after purchasing an additional 3,306 shares during the period. Bank of New York Mellon Corp owned approximately 0.31% of Forrester Research worth $1,012,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC purchased a new stake in shares of Forrester Research in the fourth quarter worth about $28,000. Wellington Management Group LLP purchased a new stake in Forrester Research in the 4th quarter worth approximately $2,327,000. PNC Financial Services Group Inc. boosted its position in Forrester Research by 52.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock worth $42,000 after purchasing an additional 533 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Forrester Research by 63.2% during the 1st quarter. BNP Paribas Financial Markets now owns 24,023 shares of the technology company’s stock worth $518,000 after purchasing an additional 9,299 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of Forrester Research by 44.4% during the 1st quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 17,864 shares in the last quarter. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Insider Buying and Selling

In other Forrester Research news, insider Ryan Darrah sold 3,895 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $18.26, for a total transaction of $71,122.70. Following the transaction, the insider now directly owns 19,640 shares of the company’s stock, valued at $358,626.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 39.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th.

Forrester Research Price Performance

Shares of Forrester Research stock opened at $18.05 on Friday. The firm has a market cap of $344.88 million, a PE ratio of 601.67, a P/E/G ratio of 1.42 and a beta of 0.87. Forrester Research, Inc. has a twelve month low of $16.14 and a twelve month high of $31.32. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $18.56 and a 200 day moving average price of $18.62.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). The business had revenue of $121.83 million during the quarter, compared to analysts’ expectations of $121.21 million. Forrester Research had a net margin of 0.32% and a return on equity of 6.52%. Sell-side analysts predict that Forrester Research, Inc. will post 0.95 earnings per share for the current fiscal 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.