Dimensional Fund Advisors LP decreased its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR – Free Report) by 33.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 266,389 shares of the technology company’s stock after selling 131,792 shares during the period. Dimensional Fund Advisors LP’s holdings in Forrester Research were worth $1,508,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of FORR. BNP Paribas Financial Markets lifted its holdings in shares of Forrester Research by 402.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock valued at $66,000 after buying an additional 4,957 shares during the period. Strs Ohio acquired a new position in Forrester Research during the fourth quarter worth $90,000. Inscription Capital LLC purchased a new position in Forrester Research in the fourth quarter worth $91,000. Occudo Quantitative Strategies LP acquired a new stake in Forrester Research in the fourth quarter valued at $93,000. Finally, Corient Private Wealth LLC acquired a new stake in Forrester Research in the fourth quarter valued at $93,000. 55.20% of the stock is owned by hedge funds and other institutional investors.
Forrester Research Stock Down 3.5%
FORR opened at $11.38 on Friday. The firm has a 50 day moving average price of $9.29 and a 200 day moving average price of $7.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.06. Forrester Research, Inc. has a 1 year low of $4.88 and a 1 year high of $12.33. The company has a market cap of $216.68 million, a PE ratio of -5.06, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Forrester Research has a consensus rating of “Reduce”.
Read Our Latest Report on Forrester Research
About Forrester Research
Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.
Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.
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