Forrester Research, Inc. (NASDAQ:FORR) Director Gretchen Teichgraeber sold 1,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the completion of the transaction, the director now owns 8,770 shares in the company, valued at approximately $394,650. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Forrester Research, Inc. (NASDAQ FORR) opened at $43.15 on Friday. The stock has a market cap of $770.23, a P/E ratio of 41.89, a PEG ratio of 3.52 and a beta of 0.46. Forrester Research, Inc. has a 1-year low of $34.95 and a 1-year high of $47.75.
Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The firm had revenue of $80.40 million during the quarter, compared to analysts’ expectations of $78.92 million. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. sell-side analysts expect that Forrester Research, Inc. will post 0.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th were given a $0.19 dividend. The ex-dividend date was Tuesday, December 5th. This represents a $0.76 annualized dividend and a dividend yield of 1.76%. Forrester Research’s dividend payout ratio (DPR) is presently 73.79%.
Large investors have recently modified their holdings of the stock. Northern Trust Corp lifted its position in Forrester Research by 10.1% in the 2nd quarter. Northern Trust Corp now owns 152,154 shares of the technology company’s stock worth $5,956,000 after buying an additional 14,003 shares in the last quarter. Vanguard Group Inc. lifted its position in Forrester Research by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 961,242 shares of the technology company’s stock worth $37,633,000 after buying an additional 44,180 shares in the last quarter. Ballentine Partners LLC lifted its position in Forrester Research by 100.0% in the 3rd quarter. Ballentine Partners LLC now owns 500,037 shares of the technology company’s stock worth $20,927,000 after buying an additional 250,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in Forrester Research by 5.7% in the 2nd quarter. Renaissance Technologies LLC now owns 585,600 shares of the technology company’s stock worth $22,926,000 after buying an additional 31,400 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Forrester Research in the 2nd quarter worth approximately $307,000. Institutional investors and hedge funds own 54.27% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th.
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About Forrester Research
Forrester Research, Inc (Forrester) is an independent research, data, and advisory services firm. The Company offers research, data, advisory and related services that are thematic, prescriptive and executable, and that provide a perspective on the changing business environment. Its segments include Research, Product and Project Consulting.
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