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

Bank of New York Mellon Corp lessened its position in Forrester Research, Inc. (NASDAQ:FORR) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,204 shares of the technology company’s stock after selling 7,041 shares during the quarter. Bank of New York Mellon Corp owned about 0.23% of Forrester Research worth $693,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FORR. Rhumbline Advisers lifted its holdings in Forrester Research by 7.8% in the 4th quarter. Rhumbline Advisers now owns 18,571 shares of the technology company’s stock valued at $291,000 after purchasing an additional 1,337 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new position in shares of Forrester Research in the fourth quarter worth about $209,000. SG Americas Securities LLC acquired a new position in Forrester Research during the fourth quarter worth about $111,000. Barclays PLC grew its stake in Forrester Research by 71.1% during the 3rd quarter. Barclays PLC now owns 44,090 shares of the technology company’s stock valued at $794,000 after acquiring an additional 18,319 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in Forrester Research by 29.9% in the 3rd quarter. M&T Bank Corp now owns 99,969 shares of the technology company’s stock valued at $1,800,000 after acquiring an additional 22,984 shares during the last quarter. 55.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Sidoti upgraded Forrester Research to a “hold” rating in a research report on Wednesday, February 12th. StockNews.com upgraded Forrester Research from a “hold” rating to a “buy” rating in a report on Saturday, December 14th.

Forrester Research Price Performance

Shares of FORR stock opened at $9.44 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $179.18 million, a PE ratio of -31.47, a price-to-earnings-growth ratio of 1.22 and a beta of 0.93. The firm’s 50-day moving average is $12.58 and its two-hundred day moving average is $15.02. Forrester Research, Inc. has a 12 month low of $9.10 and a 12 month high of $21.75.

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.