Zacks: Forrester Research, Inc. (FORR) Receives Average Rating of “Hold” from Analysts

Forrester Research, Inc. (NASDAQ:FORR) has been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.

Zacks has also assigned Forrester Research an industry rank of 28 out of 257 based on the ratings given to related companies.

A number of research firms have recently issued reports on FORR. BidaskClub cut shares of Forrester Research from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 13th. Zacks Investment Research upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. ValuEngine upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Finally, Barrington Research reiterated a “hold” rating on shares of Forrester Research in a research note on Thursday, October 25th.

Shares of FORR traded down $3.34 during midday trading on Friday, reaching $42.95. The stock had a trading volume of 55,200 shares, compared to its average volume of 55,876. Forrester Research has a one year low of $36.19 and a one year high of $50.00. The company has a market cap of $853.66 million, a PE ratio of 51.75, a price-to-earnings-growth ratio of 4.15 and a beta of 0.57.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, October 24th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $84.89 million for the quarter, compared to analyst estimates of $83.52 million. Forrester Research had a return on equity of 8.50% and a net margin of 3.46%. As a group, analysts expect that Forrester Research will post 0.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.86%. The ex-dividend date is Tuesday, December 11th. Forrester Research’s dividend payout ratio (DPR) is 96.39%.

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Forrester Research in the 2nd quarter worth about $142,000. Louisiana State Employees Retirement System acquired a new stake in Forrester Research in the 3rd quarter worth about $207,000. MetLife Investment Advisors LLC raised its position in shares of Forrester Research by 47.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,543 shares of the technology company’s stock valued at $392,000 after buying an additional 2,761 shares in the last quarter. Sun Life Financial INC acquired a new position in shares of Forrester Research in the 2nd quarter valued at approximately $376,000. Finally, Vident Investment Advisory LLC raised its position in shares of Forrester Research by 54.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 9,088 shares of the technology company’s stock valued at $381,000 after buying an additional 3,207 shares in the last quarter. Institutional investors and hedge funds own 58.63% of the company’s stock.

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.

Further Reading: What are Institutional Investors?

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