Federated Hermes Inc. Purchases 47,183 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Federated Hermes Inc. boosted its holdings in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 89.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,099 shares of the technology company's stock after buying an additional 47,183 shares during the period. Federated Hermes Inc. owned approximately 0.53% of Forrester Research worth $1,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FORR. Rhumbline Advisers boosted its holdings in shares of Forrester Research by 7.8% in the fourth quarter. Rhumbline Advisers now owns 18,571 shares of the technology company's stock valued at $291,000 after buying an additional 1,337 shares during the period. FMR LLC boosted its stake in Forrester Research by 138.7% in the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company's stock worth $46,000 after purchasing an additional 1,473 shares during the period. Wells Fargo & Company MN boosted its stake in Forrester Research by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock worth $108,000 after purchasing an additional 1,497 shares during the period. State Street Corp increased its holdings in Forrester Research by 1.0% during the 3rd quarter. State Street Corp now owns 253,181 shares of the technology company's stock worth $4,560,000 after purchasing an additional 2,589 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Forrester Research by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 96,308 shares of the technology company's stock valued at $1,735,000 after purchasing an additional 3,289 shares in the last quarter. 55.20% of the stock is owned by institutional investors.

Forrester Research Stock Down 1.4 %

NASDAQ:FORR traded down $0.13 on Friday, hitting $9.12. 137,570 shares of the company's stock were exchanged, compared to its average volume of 88,239. The company has a market cap of $173.11 million, a P/E ratio of -30.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.93. The firm has a 50-day moving average price of $10.32 and a 200-day moving average price of $13.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. Forrester Research, Inc. has a 52 week low of $8.50 and a 52 week high of $20.62.

Analyst Upgrades and Downgrades

Separately, Sidoti raised Forrester Research to a "hold" rating in a research report on Wednesday, February 12th.

Forrester Research Company 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.