Forrester Research, Inc. (NASDAQ:FORR) CFO Michael A. Doyle sold 10,000 shares of Forrester Research stock in a transaction on Friday, December 1st. The shares were sold at an average price of $46.09, for a total value of $460,900.00. Following the sale, the chief financial officer now directly owns 31,562 shares of the company’s stock, valued at approximately $1,454,692.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Forrester Research, Inc. (NASDAQ FORR) opened at $45.60 on Thursday. Forrester Research, Inc. has a 52 week low of $34.95 and a 52 week high of $47.75. The stock has a market capitalization of $818.76, a PE ratio of 44.22, a price-to-earnings-growth ratio of 4.13 and a beta of 0.46.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Forrester Research had a return on equity of 13.80% and a net margin of 5.70%. The firm had revenue of $80.40 million during the quarter, compared to analyst estimates of $78.92 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. equities analysts predict that Forrester Research, Inc. will post 0.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.67%. The ex-dividend date is Tuesday, December 5th. Forrester Research’s dividend payout ratio (DPR) is currently 73.79%.
FORR has been the subject of several research analyst reports. Zacks Investment Research raised Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Monday, October 30th. BidaskClub raised Forrester Research from a “hold” rating to a “buy” rating in a research note on Friday, August 25th.
A number of hedge funds have recently modified their holdings of FORR. Schwab Charles Investment Management Inc. increased its holdings in shares of Forrester Research by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 38,685 shares of the technology company’s stock worth $1,515,000 after buying an additional 171 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Forrester Research by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,211 shares of the technology company’s stock worth $322,000 after buying an additional 277 shares during the period. Seizert Capital Partners LLC increased its holdings in shares of Forrester Research by 5.2% in the second quarter. Seizert Capital Partners LLC now owns 6,834 shares of the technology company’s stock worth $268,000 after buying an additional 335 shares during the period. Credit Suisse AG increased its holdings in shares of Forrester Research by 2.8% in the first quarter. Credit Suisse AG now owns 13,050 shares of the technology company’s stock worth $519,000 after buying an additional 352 shares during the period. Finally, Strs Ohio increased its holdings in shares of Forrester Research by 3.0% in the second quarter. Strs Ohio now owns 17,200 shares of the technology company’s stock worth $673,000 after buying an additional 500 shares during the period. 54.42% of the stock is owned by hedge funds and other institutional investors.
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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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