Auxier Asset Management Sells 15,395 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Auxier Asset Management lowered its stake in Forrester Research, Inc. (NASDAQ:FORR) by 44.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,388 shares of the technology company’s stock after selling 15,395 shares during the period. Auxier Asset Management owned 0.10% of Forrester Research worth $331,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Forrester Research in the 4th quarter valued at $28,000. PNC Financial Services Group Inc. increased its position in Forrester Research by 52.3% in the fourth 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 during the period. State Board of Administration of Florida Retirement System bought a new stake in Forrester Research during the 1st quarter worth about $186,000. Paloma Partners Management Co acquired a new position in Forrester Research during the 1st quarter valued at about $222,000. Finally, Quantbot Technologies LP bought a new position in shares of Forrester Research in the 1st quarter valued at about $223,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

Insider Activity at Forrester Research

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 value of $71,122.70. Following the sale, the insider now directly owns 19,640 shares in the company, valued at $358,626.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 39.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Forrester Research Stock Performance

FORR stock opened at $18.05 on Friday. 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 twelve month low of $16.14 and a twelve month high of $31.32. The business’s fifty day moving average is $18.56 and its 200-day moving average is $18.62. The company has a market cap of $344.88 million, a P/E ratio of 601.67, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). The company 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%. Equities research analysts forecast that Forrester Research, Inc. will post 0.95 EPS for the current 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.