Thrivent Financial for Lutherans Trims Position in Forrester Research, Inc. (NASDAQ:FORR)

Thrivent Financial for Lutherans decreased its position in shares of Forrester Research, Inc. (NASDAQ:FORR – Get Rating) by 45.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,588 shares of the technology company’s stock after selling 30,157 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Forrester Research were worth $1,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Captrust Financial Advisors lifted its stake in shares of Forrester Research by 250.0% during the first quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock valued at $26,000 after buying an additional 335 shares during the period. Lazard Asset Management LLC increased its position in Forrester Research by 846.0% during the first quarter. Lazard Asset Management LLC now owns 946 shares of the technology company’s stock worth $53,000 after purchasing an additional 846 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Forrester Research by 105.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,360 shares of the technology company’s stock worth $49,000 after purchasing an additional 698 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Forrester Research by 21.1% during the third quarter. Mutual of America Capital Management LLC now owns 2,227 shares of the technology company’s stock worth $80,000 after purchasing an additional 388 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Forrester Research during the second quarter worth approximately $113,000. Hedge funds and other institutional investors own 54.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barrington Research dropped their price target on shares of Forrester Research from $39.00 to $32.00 in a research report on Monday, May 15th. StockNews.com started coverage on shares of Forrester Research in a research report on Thursday. They set a “buy” rating for the company.

Forrester Research Stock Performance

Shares of FORR stock opened at $27.40 on Monday. The company’s fifty day simple moving average is $30.71 and its 200-day simple moving average is $33.63. Forrester Research, Inc. has a 52 week low of $22.62 and a 52 week high of $52.86. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.16. The company has a market cap of $526.08 million, a PE ratio of 39.14, a P/E/G ratio of 2.39 and a beta of 0.94.

Insider Activity

In other news, Director Anthony J. Friscia sold 1,850 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $25.54, for a total value of $47,249.00. Following the transaction, the director now owns 15,065 shares of the company’s stock, valued at approximately $384,760.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Anthony J. Friscia sold 1,850 shares of Forrester Research stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $25.54, for a total transaction of $47,249.00. Following the sale, the director now owns 15,065 shares of the company’s stock, valued at approximately $384,760.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven P. Peltzman sold 2,206 shares of Forrester Research stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $33.95, for a total transaction of $74,893.70. Following the sale, the insider now directly owns 15,091 shares in the company, valued at approximately $512,339.45. The disclosure for this sale can be found here. Insiders own 39.50% of the company’s stock.

Forrester Research Company Profile

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Forrester Research, Inc engages in the provision of advisory services. It operates through the following business segments: Research, Consulting, and Events. The Research segment includes the revenues of the research, connect, and analytics products. The Consulting segment consists of project consulting organization.