Forrester Research, Inc. (NASDAQ:FORR) – Equities research analysts at William Blair issued their FY2019 earnings per share (EPS) estimates for Forrester Research in a research report issued to clients and investors on Wednesday. William Blair analyst T. Mchugh forecasts that the technology company will earn $1.08 per share for the year.
Several other analysts also recently issued reports on the stock. BidaskClub raised shares of Forrester Research from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Forrester Research from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th.
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Shares of Forrester Research (NASDAQ:FORR) traded up 1.72% on Monday, reaching $41.50. 38,042 shares of the company’s stock were exchanged. Forrester Research has a 52-week low of $34.95 and a 52-week high of $44.40. The stock has a market cap of $736.13 million, a P/E ratio of 42.35 and a beta of 0.41. The company’s 50 day moving average price is $39.91 and its 200-day moving average price is $39.37.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. Forrester Research had a net margin of 5.49% and a return on equity of 12.67%. The firm had revenue of $89.70 million for the quarter, compared to analyst estimates of $87.51 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. 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 worth $177,000 after buying an additional 80 shares during 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 worth $208,000 after buying an additional 100 shares during the last quarter. Alambic Investment Management L.P. acquired a new stake in Forrester Research during the first quarter worth approximately $220,000. First Trust Advisors LP boosted its stake in Forrester Research by 19.2% in the first quarter. First Trust Advisors LP now owns 5,810 shares of the technology company’s stock worth $231,000 after buying an additional 937 shares during the last quarter. Finally, Oxford Asset Management acquired a new stake in Forrester Research during the first quarter worth approximately $231,000. Institutional investors own 53.34% of the company’s stock.
In other news, Director George Hornig sold 11,288 shares of Forrester Research stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $39.68, for a total transaction of $447,907.84. Following the sale, the director now directly owns 14,765 shares in the company, valued at approximately $585,875.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gretchen Teichgraeber sold 1,000 shares of Forrester Research stock in a transaction on Friday, June 16th. The stock was sold at an average price of $39.44, for a total value of $39,440.00. Following the sale, the director now owns 11,270 shares in the company, valued at $444,488.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,487 shares of company stock worth $2,291,454. Company insiders own 46.60% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, September 5th. Forrester Research’s dividend payout ratio (DPR) is presently 77.55%.
About Forrester Research
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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