Forrester Research, Inc. (NASDAQ:FORR) Director Robert Galford sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $42.53, for a total value of $510,360.00. Following the transaction, the director now directly owns 32,609 shares in the company, valued at approximately $1,386,860.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of FORR opened at $43.05 on Friday. The stock has a market capitalization of $779.63, a price-to-earnings ratio of 51.99, a PEG ratio of 3.39 and a beta of 0.36. Forrester Research, Inc. has a 12-month low of $36.95 and a 12-month high of $47.75.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Forrester Research had a net margin of 4.48% and a return on equity of 11.28%. The company had revenue of $90.38 million during the quarter, compared to analyst estimates of $84.85 million. During the same period in the previous year, the company posted $0.38 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. equities analysts forecast that Forrester Research, Inc. will post 1.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were issued a $0.20 dividend. The ex-dividend date was Tuesday, March 6th. This represents a $0.80 annualized dividend and a yield of 1.86%. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. Forrester Research’s dividend payout ratio is presently 96.39%.
A number of large investors have recently made changes to their positions in FORR. Ballentine Partners LLC boosted its holdings in Forrester Research by 50.0% in the fourth quarter. Ballentine Partners LLC now owns 750,037 shares of the technology company’s stock worth $33,152,000 after acquiring an additional 250,000 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Forrester Research by 6.0% in the fourth quarter. BlackRock Inc. now owns 1,331,814 shares of the technology company’s stock valued at $58,866,000 after purchasing an additional 75,907 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Forrester Research by 26.2% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 306,283 shares of the technology company’s stock valued at $13,538,000 after purchasing an additional 63,588 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Forrester Research in the fourth quarter valued at approximately $1,891,000. Finally, GW&K Investment Management LLC lifted its holdings in shares of Forrester Research by 40.9% in the fourth quarter. GW&K Investment Management LLC now owns 139,034 shares of the technology company’s stock valued at $6,145,000 after purchasing an additional 40,358 shares in the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.
FORR has been the subject of a number of recent analyst reports. BidaskClub upgraded Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. Zacks Investment Research downgraded 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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