Marshall Wace LLP Buys 3,552 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Marshall Wace LLP increased its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 17.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,445 shares of the technology company’s stock after acquiring an additional 3,552 shares during the period. Marshall Wace LLP owned about 0.12% of Forrester Research worth $400,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Sei Investments Co. acquired a new stake in shares of Forrester Research in the 2nd quarter valued at about $429,000. Total Clarity Wealth Management Inc. lifted its stake in Forrester Research by 99.0% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 29,299 shares of the technology company’s stock valued at $500,000 after acquiring an additional 14,574 shares in the last quarter. Quest Partners LLC lifted its stake 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 valued at $291,000 after acquiring an additional 15,933 shares in the last quarter. Ballentine Partners LLC acquired a new position in Forrester Research during the 2nd quarter worth approximately $4,271,000. Finally, Acadian Asset Management LLC grew its stake 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 acquiring an additional 193,116 shares in the last quarter. 55.20% of the stock is owned by institutional investors.

Forrester Research Price Performance

Shares of NASDAQ FORR opened at $15.89 on Friday. 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 business has a 50-day moving average of $17.99 and a 200-day moving average of $18.27. The stock has a market capitalization of $303.61 million, a price-to-earnings ratio of 529.67, a PEG ratio of 1.39 and a beta of 0.87. Forrester Research, Inc. has a fifty-two week low of $15.79 and a fifty-two week high of $29.58.

Forrester Research (NASDAQ:FORR) last posted its quarterly 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 company had revenue of $121.83 million during the quarter, compared to the consensus estimate of $121.21 million. Forrester Research had a net margin of 0.32% and a return on equity of 6.52%. As a group, sell-side analysts predict that Forrester Research, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, insider Ryan Darrah sold 3,895 shares of the business’s stock in a transaction dated 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 in the company, valued at $358,626.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.