Forrester Research Inc. (NASDAQ:FORR) insider Steven P. Peltzman sold 2,417 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $41.08, for a total value of $99,290.36. Following the completion of the sale, the insider now owns 2,418 shares in the company, valued at approximately $99,331.44. The transaction was disclosed in a document filed 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 company’s 50 day moving average price is $38.32 and its 200 day moving average price is $38.51. Forrester Research Inc. has a 12 month low of $27.05 and a 12 month high of $42.01. 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 (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. The firm had revenue of $77.40 million for the quarter, compared to analyst estimates 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 was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. Equities research analysts expect that Forrester Research Inc. will post $1.22 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, December 5th. Forrester Research’s dividend payout ratio (DPR) is currently 96.00%.
A number of research firms have weighed in on FORR. Sidoti upgraded Forrester Research from a “neutral” rating to a “buy” rating in a research note on Monday, October 31st. Zacks Investment Research upgraded Forrester Research from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Monday, August 1st.
A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its position in Forrester Research by 114.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,088 shares of the company’s stock worth $114,000 after buying an additional 1,648 shares during the period. Victory Capital Management Inc. bought a new position in Forrester Research during the third quarter worth $121,000. Wells Fargo & Company MN raised its position in Forrester Research by 20.8% in the third quarter. Wells Fargo & Company MN now owns 3,479 shares of the company’s stock worth $135,000 after buying an additional 600 shares during the period. JPMorgan Chase & Co. bought a new position in Forrester Research during the second quarter worth $148,000. Finally, SG Americas Securities LLC bought a new position in Forrester Research during the third quarter worth $161,000. 53.48% of the stock is currently owned by institutional investors.
About Forrester Research