Forrester Research, Inc. (NASDAQ:FORR) Position Boosted by Rhumbline Advisers

Rhumbline Advisers raised its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 17.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,951 shares of the technology company’s stock after buying an additional 2,661 shares during the quarter. Rhumbline Advisers owned 0.09% of Forrester Research worth $307,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in shares of Forrester Research in the first quarter worth approximately $812,000. Assenagon Asset Management S.A. acquired a new stake in Forrester Research in the second quarter valued at approximately $995,000. Wellington Management Group LLP acquired a new stake in Forrester Research in the fourth quarter valued at approximately $2,327,000. Quadrature Capital Ltd acquired a new stake in Forrester Research in the first quarter valued at approximately $315,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Forrester Research in the first quarter valued at approximately $186,000. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Trading Up 1.3 %

Shares of Forrester Research stock opened at $17.17 on Friday. Forrester Research, Inc. has a 52-week low of $16.14 and a 52-week high of $31.28. 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 company’s fifty day moving average price is $18.49 and its two-hundred day moving average price is $18.55. The firm has a market capitalization of $328.07 million, a PE ratio of 572.33, a price-to-earnings-growth ratio of 1.39 and a beta of 0.87.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, insider Ryan Darrah sold 3,895 shares of the 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 of the company’s stock, valued at approximately $358,626.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 39.20% of the stock is owned by company insiders.

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.