Forrester Research Inc. (NASDAQ:FORR) Director Michael Welles sold 13,278 shares of Forrester Research stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $41.03, for a total transaction of $544,796.34. Following the transaction, the director now directly owns 24,112 shares in the company, valued at $989,315.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Forrester Research Inc. (NASDAQ:FORR) traded down 0.49% during mid-day trading on Monday, hitting $40.80. 37,498 shares of the stock were exchanged. The stock has a market cap of $743.29 million, a price-to-earnings ratio of 53.68 and a beta of 0.50. The company has a 50 day moving average price of $38.32 and a 200 day moving average price of $38.51. Forrester Research Inc. has a 52 week low of $27.05 and a 52 week high of $42.01.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The firm had revenue of $77.40 million for the quarter, compared to the consensus estimate of $79.99 million. Forrester Research had a return on equity of 11.35% and a net margin of 4.20%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. Analysts expect that Forrester Research Inc. will post $1.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be issued a $0.18 dividend. The ex-dividend date is Monday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.75%. Forrester Research’s dividend payout ratio is 96.00%.
A number of research analysts have weighed in on FORR shares. Zacks Investment Research raised shares of Forrester Research from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Monday, August 1st. Sidoti upgraded shares of Forrester Research from a “neutral” rating to a “buy” rating in a research note on Monday, October 31st.
Several institutional investors have recently modified their holdings of FORR. American Capital Management Inc. acquired a new position in shares of Forrester Research during the third quarter worth $16,218,000. BlackRock Fund Advisors increased its position in shares of Forrester Research by 8.0% in the third quarter. BlackRock Fund Advisors now owns 717,270 shares of the company’s stock worth $27,902,000 after buying an additional 52,848 shares in the last quarter. Analytic Investors LLC increased its position in shares of Forrester Research by 116.3% in the second quarter. Analytic Investors LLC now owns 62,914 shares of the company’s stock worth $2,319,000 after buying an additional 33,821 shares in the last quarter. Morgan Stanley increased its position in shares of Forrester Research by 39.0% in the third quarter. Morgan Stanley now owns 107,585 shares of the company’s stock worth $4,185,000 after buying an additional 30,171 shares in the last quarter. Finally, GW&K Investment Management LLC increased its position in shares of Forrester Research by 30.6% in the second quarter. GW&K Investment Management LLC now owns 108,923 shares of the company’s stock worth $4,015,000 after buying an additional 25,550 shares in the last quarter. Institutional investors own 53.48% of the company’s stock.
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