Acadian Asset Management LLC Acquires 193,116 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Acadian Asset Management LLC boosted its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 511.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,848 shares of the technology company’s stock after purchasing an additional 193,116 shares during the period. Acadian Asset Management LLC’s holdings in Forrester Research were worth $3,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FORR. Quest Partners LLC bought a new position in shares of Forrester Research in the 4th quarter valued at about $28,000. Wellington Management Group LLP bought a new stake in shares of Forrester Research during the 4th quarter worth approximately $2,327,000. PNC Financial Services Group Inc. boosted its holdings in shares of Forrester Research by 52.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after buying an additional 533 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Forrester Research by 63.2% in the first quarter. BNP Paribas Financial Markets now owns 24,023 shares of the technology company’s stock valued at $518,000 after buying an additional 9,299 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Forrester Research by 44.4% during the first quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock worth $1,253,000 after buying an additional 17,864 shares during the last quarter. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Forrester Research Price Performance

Shares of NASDAQ FORR opened at $18.57 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. The business’s 50 day moving average price is $18.31 and its two-hundred day moving average price is $18.69. The company has a market cap of $354.82 million, a PE ratio of 619.00, a price-to-earnings-growth ratio of 1.38 and a beta of 0.87. Forrester Research, Inc. has a twelve month low of $16.14 and a twelve month high of $31.32.

Forrester Research (NASDAQ:FORR) last posted its 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 return on equity of 6.52% and a net margin of 0.32%. The business had revenue of $121.83 million for the quarter, compared to analyst estimates of $121.21 million. On average, analysts predict that Forrester Research, Inc. will post 0.95 EPS for the current year.

Insider Buying and Selling

In other Forrester Research news, insider Ryan Darrah sold 3,895 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 is available at this hyperlink. 39.20% of the stock is currently owned by insiders.

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.