Wedge Capital Management L L P NC Acquires 593 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Wedge Capital Management L L P NC grew its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,456 shares of the technology company’s stock after purchasing an additional 593 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.13% of Forrester Research worth $682,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Total Clarity Wealth Management Inc. raised its stake in shares of Forrester Research by 135.9% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 16,795 shares of the technology company’s stock worth $450,000 after acquiring an additional 9,674 shares in the last quarter. Swiss National Bank raised its stake in shares of Forrester Research by 2.8% during the 3rd quarter. Swiss National Bank now owns 25,350 shares of the technology company’s stock worth $733,000 after acquiring an additional 700 shares in the last quarter. M&T Bank Corp raised its stake in shares of Forrester Research by 20.2% during the 3rd quarter. M&T Bank Corp now owns 57,573 shares of the technology company’s stock worth $1,664,000 after acquiring an additional 9,656 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Forrester Research by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock worth $40,162,000 after acquiring an additional 7,316 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Forrester Research by 22.2% during the 3rd quarter. Barclays PLC now owns 16,191 shares of the technology company’s stock worth $468,000 after acquiring an additional 2,942 shares in the last quarter. Institutional investors own 55.20% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Friday, April 19th.

Forrester Research Stock Down 0.6 %

NASDAQ:FORR opened at $18.56 on Friday. The company has a market cap of $359.88 million, a PE ratio of 109.18, a P/E/G ratio of 1.33 and a beta of 0.91. Forrester Research, Inc. has a twelve month low of $18.10 and a twelve month high of $32.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $20.07 and its two-hundred day moving average is $23.59.

Forrester Research (NASDAQ:FORR) last released its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $118.09 million for the quarter, compared to analysts’ expectations of $116.43 million. Forrester Research had a return on equity of 10.77% and a net margin of 0.63%. Analysts anticipate that Forrester Research, Inc. will post 1.04 EPS for the current year.

Insider Activity

In other news, Director Robert Galford sold 13,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total value of $269,490.00. Following the sale, the director now directly owns 20,489 shares of the company’s stock, valued at approximately $424,736.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.20% of the company’s stock.

Forrester Research 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.