Dimensional Fund Advisors LP Has $8.20 Million Stock Position in Forrester Research, Inc. (NASDAQ:FORR)

Dimensional Fund Advisors LP cut its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 11.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 480,044 shares of the technology company’s stock after selling 65,065 shares during the quarter. Dimensional Fund Advisors LP owned 2.51% of Forrester Research worth $8,199,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC increased its position in Forrester Research by 1,438.0% in the 2nd quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock worth $291,000 after buying an additional 15,933 shares during the period. Ballentine Partners LLC bought a new position in Forrester Research in the 2nd quarter worth approximately $4,271,000. Acadian Asset Management LLC grew its holdings in shares of Forrester Research by 511.8% during the 2nd quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock worth $3,940,000 after purchasing an additional 193,116 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Forrester Research by 17.4% during the 2nd quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock worth $307,000 after purchasing an additional 2,661 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Forrester Research by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 59,248 shares of the technology company’s stock worth $1,012,000 after purchasing an additional 3,306 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Forrester Research

In other news, insider Ryan Darrah sold 3,895 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $18.26, for a total transaction of $71,122.70. Following the completion of the transaction, the insider now directly owns 19,640 shares of the company’s stock, valued at $358,626.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.20% of the stock is owned by insiders.

Forrester Research Price Performance

Shares of FORR stock opened at $16.17 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $308.96 million, a price-to-earnings ratio of 539.00, a P/E/G ratio of 1.39 and a beta of 0.87. The stock’s fifty day simple moving average is $18.20 and its 200 day simple moving average is $18.33. Forrester Research, Inc. has a one year low of $15.79 and a one year high of $29.93.

Forrester Research (NASDAQ:FORR) last released its earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). The firm had revenue of $121.83 million for the quarter, compared to the consensus estimate of $121.21 million. Forrester Research had a return on equity of 6.52% and a net margin of 0.32%. On average, analysts expect that Forrester Research, Inc. will post 0.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Forrester Research from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st.

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.