Massachusetts Financial Services Co. MA lifted its stake in shares of Forrester Research (NASDAQ:FORR) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 391,827 shares of the technology company’s stock after purchasing an additional 29,751 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Forrester Research were worth $16,242,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of FORR. Spark Investment Management LLC acquired a new stake in Forrester Research in the 4th quarter valued at about $203,000. MetLife Investment Advisors LLC acquired a new stake in Forrester Research in the 4th quarter valued at about $256,000. Acadian Asset Management LLC grew its stake in Forrester Research by 90.5% in the 4th quarter. Acadian Asset Management LLC now owns 6,815 shares of the technology company’s stock valued at $301,000 after acquiring an additional 3,238 shares during the last quarter. First Quadrant L P CA boosted its stake in shares of Forrester Research by 75.9% during the 4th quarter. First Quadrant L P CA now owns 9,549 shares of the technology company’s stock worth $422,000 after purchasing an additional 4,120 shares during the last quarter. Finally, Cigna Investments Inc. New boosted its stake in shares of Forrester Research by 70.5% during the 4th quarter. Cigna Investments Inc. New now owns 9,963 shares of the technology company’s stock worth $440,000 after purchasing an additional 4,120 shares during the last quarter. 58.32% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on FORR. BidaskClub raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research cut shares of Forrester Research from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Finally, Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research note on Friday, April 27th.
In other Forrester Research news, Director Robert Galford sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $42.53, for a total transaction of $510,360.00. Following the sale, the director now directly owns 32,609 shares of the company’s stock, valued at approximately $1,386,860.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Hornig sold 646 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $40.70, for a total transaction of $26,292.20. The disclosure for this sale can be found here. Insiders have sold a total of 30,121 shares of company stock worth $1,273,167 over the last ninety days. 43.50% of the stock is owned by corporate insiders.
Forrester Research opened at $41.90 on Friday, Marketbeat Ratings reports. Forrester Research has a 12-month low of $36.95 and a 12-month high of $47.75. The stock has a market cap of $757.13 million, a price-to-earnings ratio of 73.86, a PEG ratio of 3.34 and a beta of 0.34.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Thursday, April 26th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.07). Forrester Research had a return on equity of 7.62% and a net margin of 3.07%. The firm had revenue of $77.75 million for the quarter, compared to analyst estimates of $78.51 million. sell-side analysts predict that Forrester Research will post 1.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 13th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $0.80 annualized dividend and a dividend yield of 1.91%. Forrester Research’s dividend payout ratio is currently 96.39%.
About Forrester Research
Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.
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