Forrester Research, Inc. (NASDAQ:FORR) Shares Purchased by M&T Bank Corp

M&T Bank Corp raised its stake in shares of Forrester Research, Inc. (NASDAQ:FORRFree Report) by 18.9% during the fourth quarter, HoldingsChannel reports. The fund owned 68,482 shares of the technology company’s stock after acquiring an additional 10,909 shares during the quarter. M&T Bank Corp’s holdings in Forrester Research were worth $1,836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wedge Capital Management L L P NC raised its stake in shares of Forrester Research by 2.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 25,456 shares of the technology company’s stock valued at $682,000 after purchasing an additional 593 shares in the last quarter. Swiss National Bank increased its holdings in Forrester Research by 2.8% in the third quarter. Swiss National Bank now owns 25,350 shares of the technology company’s stock valued at $733,000 after buying an additional 700 shares during the last quarter. Quadrature Capital Ltd raised its stake in Forrester Research by 5.2% during the third quarter. Quadrature Capital Ltd now owns 15,043 shares of the technology company’s stock valued at $435,000 after buying an additional 741 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Forrester Research by 20.8% in the 4th quarter. SG Americas Securities LLC now owns 4,380 shares of the technology company’s stock worth $117,000 after acquiring an additional 753 shares in the last quarter. Finally, Auxier Asset Management increased its holdings in shares of Forrester Research by 2.5% in the 3rd quarter. Auxier Asset Management now owns 35,783 shares of the technology company’s stock valued at $1,034,000 after acquiring an additional 867 shares during the last quarter. Institutional investors own 55.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Thursday.

Get Our Latest Research Report on FORR

Insider Transactions at Forrester Research

In related news, Director Robert Galford sold 13,000 shares of the firm’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 sale, the director now owns 20,489 shares of the company’s stock, valued at approximately $424,736.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 39.20% of the company’s stock.

Forrester Research Trading Up 1.8 %

NASDAQ FORR opened at $19.18 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. Forrester Research, Inc. has a one year low of $17.26 and a one year high of $32.79. The company has a 50-day simple moving average of $19.73 and a 200-day simple moving average of $22.89. The firm has a market capitalization of $366.47 million, a PE ratio of 639.33, a price-to-earnings-growth ratio of 1.28 and a beta of 0.94.

Forrester Research (NASDAQ:FORRGet Free Report) last issued its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $118.09 million during the quarter, compared to the consensus estimate of $116.43 million. Forrester Research had a return on equity of 9.26% and a net margin of 0.10%. On average, equities analysts forecast that Forrester Research, Inc. will post 1.05 earnings per share for the current year.

About Forrester Research

(Free Report)

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.

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Want to see what other hedge funds are holding FORR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forrester Research, Inc. (NASDAQ:FORRFree Report).

Institutional Ownership by Quarter for Forrester Research (NASDAQ:FORR)

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