SG Americas Securities LLC Acquires Shares of 10,815 Forrester Research, Inc. (NASDAQ:FORR)

SG Americas Securities LLC acquired a new stake in shares of Forrester Research, Inc. (NASDAQ:FORR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,815 shares of the technology company’s stock, valued at approximately $533,000. SG Americas Securities LLC owned 0.06% of Forrester Research as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings in shares of Forrester Research by 8.0% during the third quarter. Louisiana State Employees Retirement System now owns 5,400 shares of the technology company’s stock valued at $266,000 after acquiring an additional 400 shares during the period. The Manufacturers Life Insurance Company increased its position in Forrester Research by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 7,152 shares of the technology company’s stock worth $328,000 after purchasing an additional 416 shares during the period. State of Alaska Department of Revenue increased its position in Forrester Research by 5.6% in the third quarter. State of Alaska Department of Revenue now owns 8,111 shares of the technology company’s stock worth $399,000 after purchasing an additional 433 shares during the period. Public Sector Pension Investment Board boosted its holdings in Forrester Research by 1.6% during the second quarter. Public Sector Pension Investment Board now owns 29,416 shares of the technology company’s stock worth $1,347,000 after buying an additional 462 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Forrester Research by 0.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 79,990 shares of the technology company’s stock worth $3,664,000 after buying an additional 682 shares during the last quarter. 52.96% of the stock is owned by institutional investors.

FORR has been the topic of several recent analyst reports. Zacks Investment Research cut Forrester Research from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 5th. Barrington Research boosted their target price on Forrester Research from $54.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, November 4th.

NASDAQ:FORR opened at $56.38 on Friday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 56.38, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. Forrester Research, Inc. has a twelve month low of $36.40 and a twelve month high of $60.90. The stock’s 50 day moving average price is $58.12 and its two-hundred day moving average price is $51.66. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.43.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Wednesday, November 3rd. The technology company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.24. The firm had revenue of $118.14 million for the quarter, compared to analyst estimates of $116.42 million. Forrester Research had a return on equity of 10.60% and a net margin of 4.00%. During the same quarter in the previous year, the firm earned ($0.20) EPS. As a group, analysts anticipate that Forrester Research, Inc. will post 1.72 earnings per share for the current year.

In other Forrester Research news, Director Gretchen Teichgraeber sold 1,000 shares of the company’s stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $59.95, for a total value of $59,950.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Carrie Johnson sold 1,531 shares of the company’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $58.11, for a total value of $88,966.41. The disclosure for this sale can be found here. Insiders have sold a total of 12,906 shares of company stock worth $757,266 in the last ninety days. Insiders own 41.80% of the company’s stock.

Forrester Research Profile

Forrester Research, Inc engages in the provision of advisory services. It operates through the following segments: Research, Consulting, and Events. The Research segment includes the revenues of the research, connect, and analytics products. The Consulting segment consists of project consulting organization.

Featured Story: Bond

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

Receive News & Ratings for Forrester Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forrester Research and related companies with MarketBeat.com's FREE daily email newsletter.