Marshall Wace LLP Has $400,000 Stake in Forrester Research, Inc. (NASDAQ:FORR)

Marshall Wace LLP grew its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 17.9% during the second quarter, HoldingsChannel.com reports. The firm owned 23,445 shares of the technology company’s stock after acquiring an additional 3,552 shares during the quarter. Marshall Wace LLP’s holdings in Forrester Research were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP acquired a new stake in Forrester Research during the fourth quarter worth approximately $2,327,000. PNC Financial Services Group Inc. lifted its position in shares of Forrester Research by 52.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 533 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Forrester Research by 63.2% during the 1st quarter. BNP Paribas Financial Markets now owns 24,023 shares of the technology company’s stock worth $518,000 after purchasing an additional 9,299 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Forrester Research by 44.4% in the first quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 17,864 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Forrester Research in the first quarter valued at about $223,000. 55.20% of the stock is owned by institutional investors.

Forrester Research Stock Performance

Shares of NASDAQ:FORR opened at $15.89 on Friday. Forrester Research, Inc. has a 1 year low of $15.79 and a 1 year high of $29.58. The stock has a market capitalization of $303.61 million, a price-to-earnings ratio of 529.67, a price-to-earnings-growth ratio of 1.39 and a beta of 0.87. 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 50 day simple moving average is $17.99 and its 200 day simple moving average is $18.27.

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 net margin of 0.32% and a return on equity of 6.52%. The business had revenue of $121.83 million during the quarter, compared to the consensus estimate of $121.21 million. As a group, research analysts predict that Forrester Research, Inc. will post 0.95 EPS for the current fiscal year.

Insider Buying and Selling at Forrester Research

In other news, insider Ryan Darrah sold 3,895 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $18.26, for a total value of $71,122.70. Following the completion of the transaction, the insider now owns 19,640 shares of the company’s stock, valued at approximately $358,626.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.20% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st.

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.