Royce & Associates LP trimmed its position in Forrester Research, Inc. (NASDAQ:FORR) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,157 shares of the technology company’s stock after selling 1,354 shares during the period. Royce & Associates LP owned approximately 0.21% of Forrester Research worth $1,687,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of FORR. Municipal Employees Retirement System of Michigan grew its holdings in shares of Forrester Research by 59.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,370 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Forrester Research by 65.6% in the third quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the technology company’s stock valued at $214,000 after acquiring an additional 2,023 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Forrester Research by 90.5% in the fourth 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 in the last quarter. The Manufacturers Life Insurance Company grew 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 valued at $322,000 after acquiring an additional 277 shares in the last quarter. Finally, First Quadrant L P CA grew its holdings in shares of Forrester Research by 75.9% in the fourth quarter. First Quadrant L P CA now owns 9,549 shares of the technology company’s stock valued at $422,000 after acquiring an additional 4,120 shares in the last quarter. 60.12% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on FORR shares. BidaskClub downgraded Forrester Research from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Zacks Investment Research downgraded Forrester Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th.
In other news, Director Gretchen Teichgraeber sold 1,007 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $43.00, for a total value of $43,301.00. Following the transaction, the director now owns 8,770 shares of the company’s stock, valued at $377,110. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George Hornig sold 646 shares of the company’s stock in a transaction on 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. In the last 90 days, insiders have sold 11,021 shares of company stock worth $462,666. Company insiders own 44.30% of the company’s stock.
Forrester Research, Inc. (FORR) traded up $0.05 during trading hours on Wednesday, hitting $42.75. The company’s stock had a trading volume of 119,380 shares, compared to its average volume of 48,297. The stock has a market capitalization of $775.72, a P/E ratio of 51.45, a P/E/G ratio of 3.38 and a beta of 0.46. Forrester Research, Inc. has a 12-month low of $36.95 and a 12-month high of $47.75.
Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $90.38 million for the quarter, compared to analysts’ expectations of $84.85 million. Forrester Research had a return on equity of 11.47% and a net margin of 4.48%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. research analysts expect that Forrester Research, Inc. will post 1.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.87%. This is an increase from Forrester Research’s previous quarterly dividend of $0.19. Forrester Research’s dividend payout ratio is currently 96.39%.
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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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