Forrester Research, Inc. (NASDAQ:FORR) has been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Zacks has also given Forrester Research an industry rank of 65 out of 255 based on the ratings given to related companies.

Several brokerages recently weighed in on FORR. BidaskClub raised Forrester Research from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research report on Monday, July 30th. Zacks Investment Research lowered Forrester Research from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, ValuEngine raised Forrester Research from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd.

In other Forrester Research news, insider Cliff Condon sold 2,289 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $45.00, for a total value of $103,005.00. Following the transaction, the insider now directly owns 25,606 shares of the company’s stock, valued at $1,152,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gretchen Teichgraeber sold 9,375 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $45.56, for a total value of $427,125.00. Following the completion of the transaction, the director now directly owns 23,629 shares in the company, valued at $1,076,537.24. The disclosure for this sale can be found here. Insiders sold a total of 17,267 shares of company stock worth $783,263 over the last ninety days. Corporate insiders own 43.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Martingale Asset Management L P raised its position in Forrester Research by 3.2% in the second quarter. Martingale Asset Management L P now owns 41,304 shares of the technology company’s stock valued at $1,733,000 after purchasing an additional 1,300 shares during the period. Victory Capital Management Inc. increased its position in shares of Forrester Research by 390.7% during the first quarter. Victory Capital Management Inc. now owns 25,700 shares of the technology company’s stock worth $1,065,000 after acquiring an additional 20,463 shares during the last quarter. Northern Trust Corp increased its position in shares of Forrester Research by 2.2% during the first quarter. Northern Trust Corp now owns 147,676 shares of the technology company’s stock worth $6,121,000 after acquiring an additional 3,204 shares during the last quarter. Bahl & Gaynor Inc. increased its position in shares of Forrester Research by 5.3% during the first quarter. Bahl & Gaynor Inc. now owns 25,849 shares of the technology company’s stock worth $1,071,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Forrester Research by 2.7% during the first quarter. Principal Financial Group Inc. now owns 80,746 shares of the technology company’s stock worth $3,347,000 after acquiring an additional 2,112 shares during the last quarter. 58.43% of the stock is currently owned by institutional investors.

Shares of FORR opened at $47.05 on Friday. The firm has a market capitalization of $848.57 million, a P/E ratio of 56.69, a PEG ratio of 4.16 and a beta of 0.45. Forrester Research has a twelve month low of $36.95 and a twelve month high of $50.00.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Friday, July 27th. The technology company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.15. The business had revenue of $96.35 million for the quarter, compared to analyst estimates of $93.48 million. Forrester Research had a return on equity of 8.68% and a net margin of 3.51%. analysts predict that Forrester Research will post 0.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Investors of record on Wednesday, September 12th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, September 11th. Forrester Research’s dividend payout ratio (DPR) is currently 96.39%.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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