GW&K Investment Management LLC lifted its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 41.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,898 shares of the technology company’s stock after acquiring an additional 45,724 shares during the quarter. GW&K Investment Management LLC owned approximately 0.84% of Forrester Research worth $4,978,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of FORR. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Forrester Research by 303.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 848 shares of the technology company’s stock valued at $27,000 after acquiring an additional 638 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Forrester Research by 97.1% in the 2nd quarter. Bank of Montreal Can now owns 1,798 shares of the technology company’s stock valued at $86,000 after buying an additional 886 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Forrester Research in the 3rd quarter valued at $149,000. Stone Ridge Asset Management LLC acquired a new position in shares of Forrester Research in the 2nd quarter valued at $224,000. Finally, Alberta Investment Management Corp acquired a new position in shares of Forrester Research in the 2nd quarter valued at $226,000. Institutional investors own 53.74% of the company’s stock.
Shares of NASDAQ:FORR traded down $0.30 during trading on Wednesday, reaching $37.31. 1,422 shares of the company were exchanged, compared to its average volume of 47,182. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.61 and a quick ratio of 0.61. The business’s fifty day simple moving average is $34.47 and its 200-day simple moving average is $40.71. Forrester Research, Inc. has a 12-month low of $30.76 and a 12-month high of $51.75. The firm has a market capitalization of $688.83 million, a PE ratio of 44.94 and a beta of 0.72.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. Forrester Research had a negative net margin of 2.08% and a negative return on equity of 6.13%. The firm had revenue of $108.60 million for the quarter, compared to the consensus estimate of $107.21 million. On average, sell-side analysts anticipate that Forrester Research, Inc. will post -0.7 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Sidoti started coverage on shares of Forrester Research in a report on Wednesday, August 28th. They set a “buy” rating and a $55.00 price target for the company. Zacks Investment Research cut shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Maxim Group reiterated a “buy” rating and set a $59.00 price target (down previously from $62.00) on shares of Forrester Research in a report on Thursday, August 1st. Finally, Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $51.00.
About Forrester Research
Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.
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