Federated Hermes Inc. Grows Position in Forrester Research, Inc. (NASDAQ:FORR)

Key Points

• Federated Hermes Inc. increased its stake in Forrester Research by 150.1%, owning approximately 1.32% of the company's shares worth $2.31 million after purchasing 150,265 additional shares in Q1.
• A upped analyst rating sees Forrester Research shares upgraded from a "hold" to a "buy" by Wall Street Zen on May 22nd.
• The stock of Forrester Research has seen fluctuations, with a 12-month low of $8.50 and a high of $19.74, currently trading at $10.26.

Federated Hermes Inc. increased its stake in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 150.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 250,364 shares of the technology company's stock after purchasing an additional 150,265 shares during the quarter. Federated Hermes Inc. owned approximately 1.32% of Forrester Research worth $2,313,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FORR. Geode Capital Management LLC increased its position in Forrester Research by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 291,858 shares of the technology company's stock worth $4,574,000 after buying an additional 3,297 shares in the last quarter. Portolan Capital Management LLC grew its stake in shares of Forrester Research by 21.7% during the 4th quarter. Portolan Capital Management LLC now owns 251,473 shares of the technology company's stock valued at $3,941,000 after acquiring an additional 44,874 shares during the period. Invenomic Capital Management LP purchased a new stake in Forrester Research in the 4th quarter worth approximately $2,532,000. Millennium Management LLC raised its stake in Forrester Research by 57.1% during the 4th quarter. Millennium Management LLC now owns 120,713 shares of the technology company's stock worth $1,892,000 after acquiring an additional 43,851 shares during the period. Finally, Northern Trust Corp raised its stake in Forrester Research by 2.6% during the 4th quarter. Northern Trust Corp now owns 115,332 shares of the technology company's stock worth $1,807,000 after acquiring an additional 2,883 shares during the period. 55.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Forrester Research from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd.

Forrester Research Price Performance

NASDAQ:FORR traded down $0.15 on Wednesday, reaching $10.26. 86,636 shares of the company's stock traded hands, compared to its average volume of 94,234. The stock has a 50-day simple moving average of $10.21 and a 200-day simple moving average of $10.82. Forrester Research, Inc. has a 12 month low of $8.50 and a 12 month high of $19.74. The firm has a market cap of $195.56 million, a PE ratio of -2.18, a P/E/G ratio of 0.97 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.24.

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.