Guggenheim Capital LLC Takes $243,000 Position in Forrester Research, Inc. (NASDAQ:FORR)


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Guggenheim Capital LLC bought a new stake in Forrester Research, Inc. (NASDAQ:FORR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,800 shares of the technology company’s stock, valued at approximately $243,000.

Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC acquired a new position in Forrester Research during the 4th quarter worth approximately $53,000. Citigroup Inc. increased its position in Forrester Research by 29.8% during the 4th quarter. Citigroup Inc. now owns 4,451 shares of the technology company’s stock worth $186,000 after purchasing an additional 1,023 shares in the last quarter. SG Americas Securities LLC acquired a new position in Forrester Research during the 4th quarter worth approximately $209,000. Louisiana State Employees Retirement System bought a new stake in Forrester Research during the 4th quarter worth approximately $214,000. Finally, Seizert Capital Partners LLC bought a new stake in Forrester Research during the 4th quarter worth approximately $244,000. Institutional investors own 56.79% of the company’s stock.

A number of research firms have weighed in on FORR. Zacks Investment Research lowered shares of Forrester Research from a “hold” rating to a “sell” rating in a report on Wednesday, February 17th. Barrington Research upped their price objective on shares of Forrester Research from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, February 16th.

FORR opened at $43.00 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average price is $43.86 and its two-hundred day moving average price is $41.60. Forrester Research, Inc. has a 1-year low of $27.14 and a 1-year high of $47.44. The company has a market cap of $822.33 million, a price-to-earnings ratio of 65.15, a PEG ratio of 5.71 and a beta of 0.99.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Thursday, February 11th. The technology company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.19. Forrester Research had a net margin of 2.75% and a return on equity of 7.50%. The firm had revenue of $120.52 million for the quarter, compared to the consensus estimate of $112.78 million. As a group, equities analysts forecast that Forrester Research, Inc. will post 0.56 earnings per share for the current fiscal year.

In other news, Director Gretchen Teichgraeber sold 1,658 shares of the stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $43.97, for a total value of $72,902.26. Following the completion of the sale, the director now owns 21,761 shares in the company, valued at $956,831.17. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 3,658 shares of company stock valued at $164,712. 42.40% of the stock is currently owned by corporate insiders.

Forrester Research Profile

Forrester Research, Inc operates as an independent research and advisory services company in the United States and internationally. The company operates through Research, Consulting, and Events segments. Its primary subscription research product is Research, which offers clients with access to its 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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