Barrington Research reissued their hold rating on shares of Forrester Research (NASDAQ:FORR) in a research report report published on Thursday morning.

Several other equities analysts have also issued reports on the stock. BidaskClub lowered shares of Forrester Research from a sell rating to a strong sell rating in a report on Saturday, October 13th. ValuEngine lowered shares of Forrester Research from a buy rating to a hold rating in a report on Friday, October 12th. Finally, Zacks Investment Research upgraded shares of Forrester Research from a sell rating to a hold rating in a report on Monday, October 1st.

Shares of FORR stock traded up $1.46 during trading hours on Thursday, hitting $38.95. 36,649 shares of the company’s stock traded hands, compared to its average volume of 26,478. Forrester Research has a 12-month low of $36.19 and a 12-month high of $50.00. The firm has a market capitalization of $703.98 million, a price-to-earnings ratio of 46.93, a PEG ratio of 3.45 and a beta of 0.42.

Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, October 24th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.03). Forrester Research had a net margin of 3.46% and a return on equity of 8.59%. The business had revenue of $84.89 million for the quarter, compared to analysts’ expectations of $83.52 million. Analysts forecast that Forrester Research will post 0.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. Forrester Research’s payout ratio is currently 96.39%.

In related news, insider Cliff Condon sold 2,289 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $45.00, for a total value of $103,005.00. Following the completion of the transaction, the insider now directly owns 25,606 shares in the company, valued at approximately $1,152,270. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gretchen Teichgraeber sold 9,375 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $45.56, for a total transaction of $427,125.00. Following the completion of the transaction, the director now owns 23,629 shares of the company’s stock, valued at $1,076,537.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,267 shares of company stock valued at $783,263. 43.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Martingale Asset Management L P raised its holdings in Forrester Research by 3.2% in the 2nd quarter. Martingale Asset Management L P now owns 41,304 shares of the technology company’s stock worth $1,733,000 after acquiring an additional 1,300 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Forrester Research by 3.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 51,092 shares of the technology company’s stock worth $2,144,000 after purchasing an additional 1,548 shares during the period. Principal Financial Group Inc. grew its position in Forrester Research by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 80,746 shares of the technology company’s stock worth $3,347,000 after purchasing an additional 2,112 shares during the period. Swiss National Bank grew its position in Forrester Research by 16.2% in the 2nd quarter. Swiss National Bank now owns 17,250 shares of the technology company’s stock worth $724,000 after purchasing an additional 2,400 shares during the period. Finally, Northern Trust Corp grew its position in Forrester Research by 2.2% in the 1st quarter. Northern Trust Corp now owns 147,676 shares of the technology company’s stock worth $6,121,000 after purchasing an additional 3,204 shares during the period. Institutional investors own 59.26% of the company’s stock.

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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