Forrester Research, Inc. (NASDAQ:FORR) Director David Boyce sold 380 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $45.65, for a total transaction of $17,347.00. Following the completion of the transaction, the director now owns 2,661 shares in the company, valued at $121,474.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
David Boyce also recently made the following trade(s):
- On Friday, November 3rd, David Boyce sold 380 shares of Forrester Research stock. The shares were sold at an average price of $45.91, for a total transaction of $17,445.80.
Forrester Research, Inc. (NASDAQ:FORR) opened at $44.35 on Wednesday. The firm has a market cap of $804.38, a P/E ratio of 43.45, a P/E/G ratio of 4.05 and a beta of 0.46. Forrester Research, Inc. has a twelve month low of $34.95 and a twelve month high of $47.75.
Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The company had revenue of $80.40 million for the quarter, compared to analyst estimates of $78.92 million. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. equities research analysts forecast that Forrester Research, Inc. will post 0.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.76 annualized dividend and a yield of 1.71%. Forrester Research’s dividend payout ratio (DPR) is presently 73.79%.
Several equities analysts recently weighed in on the stock. BidaskClub lowered shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Monday, October 30th.
A number of institutional investors and hedge funds have recently bought and sold shares of FORR. Vanguard Group Inc. raised its holdings in Forrester Research by 4.0% in the first quarter. Vanguard Group Inc. now owns 917,062 shares of the technology company’s stock worth $36,453,000 after purchasing an additional 35,510 shares during the period. Geode Capital Management LLC raised its holdings in Forrester Research by 4.5% in the first quarter. Geode Capital Management LLC now owns 90,223 shares of the technology company’s stock worth $3,586,000 after purchasing an additional 3,899 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Forrester Research by 4.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 38,514 shares of the technology company’s stock worth $1,531,000 after purchasing an additional 1,539 shares during the period. Bank of America Corp DE raised its holdings in Forrester Research by 114.7% in the first quarter. Bank of America Corp DE now owns 16,317 shares of the technology company’s stock worth $648,000 after purchasing an additional 8,716 shares during the period. Finally, Credit Suisse AG raised its holdings in 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 purchasing an additional 352 shares during the period. Institutional investors own 54.42% of the company’s stock.
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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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