BidaskClub upgraded shares of Forrester Research, Inc. (NASDAQ:FORR) from a buy rating to a strong-buy rating in a research note released on Monday, July 24th.
Separately, Zacks Investment Research upgraded Forrester Research from a sell rating to a hold rating in a report on Tuesday, April 11th.
Shares of Forrester Research (FORR) opened at 38.80 on Monday. Forrester Research has a one year low of $34.95 and a one year high of $44.40. The stock’s 50 day moving average is $40.08 and its 200-day moving average is $39.27. The stock has a market capitalization of $688.04 million, a P/E ratio of 39.59 and a beta of 0.42.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Forrester Research had a net margin of 5.49% and a return on equity of 13.00%. The company had revenue of $89.70 million during the quarter, compared to analyst estimates of $87.51 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Forrester Research will post $1.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, September 5th. This represents a $0.76 dividend on an annualized basis and a yield of 1.96%. Forrester Research’s dividend payout ratio is currently 77.55%.
In other Forrester Research news, insider Michael Morhardt sold 2,880 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $38.70, for a total transaction of $111,456.00. Following the transaction, the insider now owns 5,176 shares in the company, valued at $200,311.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gretchen Teichgraeber sold 1,000 shares of the stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $39.44, for a total value of $39,440.00. Following the transaction, the director now owns 11,270 shares in the company, valued at approximately $444,488.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,180 shares of company stock worth $1,462,012. Corporate insiders own 46.60% of the company’s stock.
Several large investors have recently bought and sold shares of FORR. Municipal Employees Retirement System of Michigan boosted its stake in Forrester Research by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,460 shares of the technology company’s stock valued at $177,000 after buying an additional 80 shares in the last quarter. Arizona State Retirement System boosted its stake in Forrester Research by 1.9% in the first quarter. Arizona State Retirement System now owns 5,230 shares of the technology company’s stock valued at $208,000 after buying an additional 100 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Forrester Research by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 38,685 shares of the technology company’s stock valued at $1,515,000 after buying an additional 171 shares in the last quarter. AQR Capital Management LLC boosted its stake in Forrester Research by 3.5% in the fourth quarter. AQR Capital Management LLC now owns 5,593 shares of the technology company’s stock valued at $240,000 after buying an additional 188 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in 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 buying an additional 277 shares in the last quarter. 54.68% of the stock is owned by institutional investors.
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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