American Capital Management Inc Lowers stake in Forrester Research (FORR)

Forrester Research (FORR) : American Capital Management Inc reduced its stake in Forrester Research by 0.51% during the most recent quarter end. The investment management company now holds a total of 431,627 shares of Forrester Research which is valued at $17,204,652 after selling 2,195 shares in Forrester Research , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Forrester Research makes up approximately 1.37% of American Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Cadence Capital Management added FORR to its portfolio by purchasing 11,003 company shares during the most recent quarter which is valued at $438,580. Forrester Research makes up approx 0.03% of Cadence Capital Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in FORR in the latest quarter, The investment management firm added 1,648 additional shares and now holds a total of 3,088 shares of Forrester Research which is valued at $114,843.

Forrester Research closed down -0.18 points or -0.45% at $39.72 with 21,048 shares getting traded on Monday. Post opening the session at $39.65, the shares hit an intraday low of $39.63 and an intraday high of $39.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Forrester Research reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $87.80 million for the quarter, compared to analysts expectations of $84.98 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Forrester Research Inc. (Forrester) is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Forrester’s products and services include RoleView Research which provides clients with access to its core syndicated research designed to inform the strategic decision-making; Forrester Leadership Boards are peer groups for executives and other senior leaders at organizations across the world; Data Products & Services which focus on consumers’ and business users’ attitudes about and behavior toward technology including ownership future purchases and adoption trends; Forrester Consulting which leverage its RoleView research Technographics and CX Index data to deliver focused insights and recommendations. and Forrester Events in which the Company hosts multiple events in various locations in North America Europe and Asia throughout the year.

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