Forrester Research Inc. (NASDAQ:FORR) CFO Michael A. Doyle sold 5,000 shares of Forrester Research stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $41.21, for a total value of $206,050.00. Following the completion of the transaction, the chief financial officer now owns 19,461 shares of the company’s stock, valued at $801,987.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Forrester Research Inc. (NASDAQ:FORR) traded down 0.49% during trading on Monday, hitting $40.80. The stock had a trading volume of 35,999 shares. The stock has a market cap of $743.29 million, a price-to-earnings ratio of 53.68 and a beta of 0.50. Forrester Research Inc. has a one year low of $27.05 and a one year high of $42.01. The stock’s 50-day moving average price is $38.32 and its 200 day moving average price is $38.51.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. The business earned $77.40 million during the quarter, compared to analyst estimates of $79.99 million. Forrester Research had a net margin of 4.20% and a return on equity of 11.35%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. On average, equities analysts forecast that Forrester Research Inc. will post $1.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, December 5th. Forrester Research’s dividend payout ratio is currently 96.00%.
A number of brokerages have commented on FORR. Zacks Investment Research downgraded Forrester Research from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Sidoti upgraded Forrester Research from a “neutral” rating to a “buy” rating in a research note on Monday, October 31st.
Several hedge funds and other institutional investors have recently made changes to their positions in FORR. American Capital Management Inc. bought a new position in shares of Forrester Research during the third quarter worth approximately $16,218,000. BlackRock Fund Advisors raised 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 raised 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 raised 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 raised 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. 53.48% of the stock is owned by institutional investors and hedge funds.
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