Old Mutual Global Investors UK Ltd. purchased a new position in shares of Forrester Research, Inc. (NASDAQ:FORR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,388 shares of the technology company’s stock, valued at approximately $140,000.
Other large investors have also modified their holdings of the company. Thrivent Financial For Lutherans lifted its holdings in shares of Forrester Research by 8.7% during the fourth quarter. Thrivent Financial For Lutherans now owns 111,447 shares of the technology company’s stock worth $4,926,000 after purchasing an additional 8,915 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Forrester Research by 5.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 43,040 shares of the technology company’s stock worth $1,903,000 after purchasing an additional 2,274 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Forrester Research by 26.2% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 306,283 shares of the technology company’s stock worth $13,538,000 after purchasing an additional 63,588 shares during the period. Arizona State Retirement System lifted 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 period. Finally, Spark Investment Management LLC acquired a new position in shares of Forrester Research during the fourth quarter worth $203,000. Institutional investors own 57.65% of the company’s stock.
In related news, Director George Hornig sold 8,100 shares of Forrester Research stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $42.61, for a total transaction of $345,141.00. Following the completion of the transaction, the director now owns 8,861 shares of the company’s stock, valued at $377,567.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Galford sold 12,000 shares of Forrester Research stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $42.53, for a total transaction of $510,360.00. Following the transaction, the director now directly owns 32,609 shares of the company’s stock, valued at approximately $1,386,860.77. The disclosure for this sale can be found here. 43.50% of the stock is owned by company insiders.
A number of equities analysts have recently commented on FORR shares. BidaskClub lowered shares of Forrester Research from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Barrington Research reissued a “hold” rating on shares of Forrester Research in a research note on Friday, April 27th. Finally, Zacks Investment Research downgraded shares of Forrester Research from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd.
Shares of NASDAQ FORR opened at $44.25 on Monday. Forrester Research, Inc. has a twelve month low of $36.95 and a twelve month high of $47.75. The firm has a market cap of $795.79 million, a P/E ratio of 53.31, a PEG ratio of 3.51 and a beta of 0.36.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Thursday, April 26th. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $78.51 million. analysts expect that Forrester Research, Inc. will post 1.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 13th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Tuesday, June 12th. Forrester Research’s dividend payout ratio is presently 96.39%.
Forrester Research Profile
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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