Paloma Partners Management Co Invests $222,000 in Forrester Research, Inc. (NASDAQ:FORR)

Paloma Partners Management Co purchased a new stake in shares of Forrester Research, Inc. (NASDAQ:FORR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,276 shares of the technology company’s stock, valued at approximately $222,000. Paloma Partners Management Co owned about 0.05% of Forrester Research as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FORR. Vanguard Group Inc. raised its stake in shares of Forrester Research by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock valued at $40,162,000 after acquiring an additional 7,316 shares during the last quarter. Wellington Management Group LLP acquired a new position in Forrester Research in the fourth quarter worth $2,327,000. Advisors Preferred LLC bought a new stake in shares of Forrester Research during the first quarter worth $1,428,000. M&T Bank Corp grew its holdings in shares of Forrester Research by 18.9% during the fourth quarter. M&T Bank Corp now owns 68,482 shares of the technology company’s stock worth $1,836,000 after purchasing an additional 10,909 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake 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 valued at $1,253,000 after buying an additional 17,864 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Forrester Research Trading Down 0.3 %

NASDAQ:FORR traded down $0.06 during trading hours on Tuesday, hitting $18.88. 11,348 shares of the stock were exchanged, compared to its average volume of 135,757. The company has a market capitalization of $360.80 million, a P/E ratio of 631.33, a price-to-earnings-growth ratio of 1.37 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $17.56 and its two-hundred day moving average is $19.82. Forrester Research, Inc. has a twelve month low of $16.14 and a twelve month high of $32.78.

Forrester Research (NASDAQ:FORR) last released its earnings results on Tuesday, April 30th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The firm had revenue of $100.08 million for the quarter, compared to the consensus estimate of $104.21 million. Forrester Research had a return on equity of 9.30% and a net margin of 0.10%. On average, sell-side analysts anticipate that Forrester Research, Inc. will post 1.04 earnings per share for the current fiscal year.

Forrester Research 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.