Federated Hermes Inc. Has $6.67 Million Stake in Forrester Research, Inc. (NASDAQ:FORR)

Federated Hermes Inc. trimmed its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 248,593 shares of the technology company’s stock after selling 23,546 shares during the period. Federated Hermes Inc. owned 1.29% of Forrester Research worth $6,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Forrester Research in the third quarter valued at $105,000. Illinois Municipal Retirement Fund bought a new stake in Forrester Research during the third quarter worth about $201,000. Total Clarity Wealth Management Inc. bought a new stake in Forrester Research during the third quarter worth about $206,000. Watchman Group Inc. bought a new stake in Forrester Research during the third quarter worth about $420,000. Finally, Quadrature Capital Ltd lifted its position in Forrester Research by 5.2% during the third quarter. Quadrature Capital Ltd now owns 15,043 shares of the technology company’s stock worth $435,000 after purchasing an additional 741 shares during the period. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert Galford sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $20.73, for a total value of $269,490.00. Following the completion of the transaction, the director now owns 20,489 shares of the company’s stock, valued at $424,736.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 39.20% of the stock is currently owned by insiders.

Forrester Research Stock Down 0.6 %

Shares of NASDAQ FORR opened at $18.56 on Friday. 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 has a market cap of $359.88 million, a price-to-earnings ratio of 109.18, a PEG ratio of 1.35 and a beta of 0.91. Forrester Research, Inc. has a 12 month low of $18.10 and a 12 month high of $32.79. The stock has a 50-day moving average price of $20.07 and a two-hundred day moving average price of $23.59.

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

Analyst Ratings Changes

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

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.