Alliancebernstein L.P. lessened its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,858 shares of the technology company’s stock after selling 1,800 shares during the quarter. Alliancebernstein L.P. owned approximately 0.06% of Forrester Research worth $480,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Ballentine Partners LLC grew its holdings in shares of Forrester Research by 50.0% during the fourth quarter. Ballentine Partners LLC now owns 750,037 shares of the technology company’s stock worth $33,152,000 after purchasing an additional 250,000 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Forrester Research by 6.0% during the fourth quarter. BlackRock Inc. now owns 1,331,814 shares of the technology company’s stock worth $58,866,000 after purchasing an additional 75,907 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Forrester Research during the fourth quarter worth about $1,891,000. GW&K Investment Management LLC grew its holdings in shares of Forrester Research by 40.9% during the fourth quarter. GW&K Investment Management LLC now owns 139,034 shares of the technology company’s stock worth $6,145,000 after purchasing an additional 40,358 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Forrester Research by 230.3% during the fourth quarter. Arizona State Retirement System now owns 16,616 shares of the technology company’s stock worth $734,000 after purchasing an additional 11,586 shares during the last quarter. 59.80% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director George Hornig sold 646 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $40.70, for a total transaction of $26,292.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gretchen Teichgraeber sold 7,368 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $41.53, for a total transaction of $305,993.04. The disclosure for this sale can be found here. Insiders have sold 22,021 shares of company stock valued at $928,026 in the last quarter. Insiders own 43.50% of the company’s stock.
Several equities analysts have issued reports on the company. BidaskClub lowered Forrester Research from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered Forrester Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th.
Shares of FORR stock opened at $43.95 on Tuesday. The stock has a market cap of $778.73, a price-to-earnings ratio of 52.95, a PEG ratio of 3.39 and a beta of 0.36. Forrester Research, Inc. has a 1 year low of $36.95 and a 1 year high of $47.75.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $90.38 million for the quarter, compared to analysts’ expectations of $84.85 million. Forrester Research had a return on equity of 11.28% and a net margin of 4.48%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. sell-side analysts forecast that Forrester Research, Inc. will post 1.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were paid a dividend of $0.20 per share. This is an increase from Forrester Research’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.82%. Forrester Research’s dividend payout ratio is 96.39%.
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Forrester Research Company Profile
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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