Forrester Research, Inc. (NASDAQ:FORR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in Forrester Research, Inc. (NASDAQ:FORR) by 21.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,048 shares of the technology company’s stock after selling 14,784 shares during the quarter. Federated Hermes Inc. owned approximately 0.28% of Forrester Research worth $906,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FORR. Quest Partners LLC acquired a new position in shares of Forrester Research in the 4th quarter valued at $28,000. Wellington Management Group LLP acquired a new position in shares of Forrester Research in the fourth quarter worth about $2,327,000. PNC Financial Services Group Inc. boosted its stake in shares of Forrester Research by 52.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock worth $42,000 after acquiring an additional 533 shares in the last quarter. BNP Paribas Financial Markets grew its position 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 valued at $518,000 after acquiring an additional 9,299 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Forrester Research by 44.4% in 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. 55.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Forrester Research Stock Performance

FORR opened at $18.05 on Friday. The firm’s fifty day simple moving average is $18.56 and its two-hundred day simple moving average is $18.62. Forrester Research, Inc. has a 52-week low of $16.14 and a 52-week high of $31.32. The company has a market cap of $344.88 million, a price-to-earnings ratio of 601.67, a PEG ratio of 1.42 and a beta of 0.87. 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 (NASDAQ:FORR) last issued 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). Forrester Research had a net margin of 0.32% and a return on equity of 6.52%. The company had revenue of $121.83 million during the quarter, compared to analysts’ expectations of $121.21 million. Equities analysts anticipate that Forrester Research, Inc. will post 0.95 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Ryan Darrah sold 3,895 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 19,640 shares in the company, valued at $358,626.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.20% of the company’s stock.

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.