Bessemer Group Inc. increased its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 48.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,600 shares of the technology company’s stock after buying an additional 7,400 shares during the period. Bessemer Group Inc.’s holdings in Forrester Research were worth $1,010,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in Forrester Research by 0.9% in the fourth quarter. BlackRock Inc. now owns 1,499,011 shares of the technology company’s stock worth $67,005,000 after buying an additional 13,286 shares in the last quarter. Vanguard Group Inc raised its stake in Forrester Research by 2.1% in the third quarter. Vanguard Group Inc now owns 1,007,171 shares of the technology company’s stock worth $46,229,000 after buying an additional 20,893 shares in the last quarter. Vanguard Group Inc. raised its stake in Forrester Research by 2.1% in the third quarter. Vanguard Group Inc. now owns 1,007,171 shares of the technology company’s stock worth $46,229,000 after buying an additional 20,893 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Forrester Research by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 774,922 shares of the technology company’s stock worth $35,569,000 after buying an additional 7,461 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Forrester Research by 2.5% in the third quarter. Renaissance Technologies LLC now owns 751,900 shares of the technology company’s stock worth $34,512,000 after buying an additional 18,400 shares in the last quarter. 56.62% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on FORR. Maxim Group began coverage on Forrester Research in a research report on Wednesday, February 27th. They set a “buy” rating and a $62.00 price target on the stock. Zacks Investment Research downgraded Forrester Research from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. TheStreet downgraded Forrester Research from a “b-” rating to a “c+” rating in a research report on Wednesday, February 13th. BidaskClub raised Forrester Research from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research report on Thursday, November 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $56.00.

Shares of FORR stock opened at $49.16 on Friday. The firm has a market cap of $900.80 million, a PE ratio of 58.52 and a beta of 0.59. Forrester Research, Inc. has a 12-month low of $36.19 and a 12-month high of $51.17.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The business had revenue of $98.58 million for the quarter, compared to analyst estimates of $96.45 million. Forrester Research had a return on equity of 10.61% and a net margin of 4.30%. Equities research analysts anticipate that Forrester Research, Inc. will post -0.48 EPS for the current year.

In other news, CFO Michael A. Doyle sold 10,415 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $48.72, for a total transaction of $507,418.80. Following the transaction, the chief financial officer now directly owns 50,585 shares of the company’s stock, valued at $2,464,501.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ryan Darrah sold 1,350 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $49.46, for a total value of $66,771.00. Following the transaction, the insider now directly owns 10,387 shares in the company, valued at $513,741.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,404 shares of company stock worth $705,833. Insiders own 43.50% of the company’s stock.

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Forrester Research Profile

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

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