Forrester Research, Inc. (FORR) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in Forrester Research, Inc. (NASDAQ:FORR) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,900 shares of the technology company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Forrester Research worth $466,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in FORR. Ballentine Partners LLC purchased a new stake in Forrester Research in the 2nd quarter worth $10,365,000. Vanguard Group Inc. lifted its stake in Forrester Research by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 917,062 shares of the technology company’s stock worth $36,453,000 after purchasing an additional 35,510 shares in the last quarter. Martingale Asset Management L P lifted its stake in Forrester Research by 144.2% in the 2nd quarter. Martingale Asset Management L P now owns 42,004 shares of the technology company’s stock worth $1,645,000 after purchasing an additional 24,800 shares in the last quarter. Bessemer Group Inc. lifted its stake in Forrester Research by 173.4% in the 2nd quarter. Bessemer Group Inc. now owns 17,500 shares of the technology company’s stock worth $685,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Forrester Research by 114.7% in the 1st quarter. Bank of America Corp DE now owns 16,317 shares of the technology company’s stock worth $648,000 after purchasing an additional 8,716 shares in the last quarter. Institutional investors and hedge funds own 52.67% of the company’s stock.

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Several analysts have commented on FORR shares. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Monday, October 30th. BidaskClub upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Friday, August 25th.

Shares of Forrester Research, Inc. (FORR) opened at $45.30 on Tuesday. The stock has a market cap of $807.98, a PE ratio of 43.64, a PEG ratio of 4.07 and a beta of 0.45. Forrester Research, Inc. has a 1 year low of $34.95 and a 1 year high of $46.10.

Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $80.40 million for the quarter, compared to analysts’ expectations of $78.92 million. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. analysts forecast that Forrester Research, Inc. will post 0.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, December 5th. Forrester Research’s dividend payout ratio is 73.79%.

In other news, Director Gretchen Teichgraeber sold 6,250 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $41.00, for a total transaction of $256,250.00. Following the sale, the director now directly owns 16,020 shares in the company, valued at approximately $656,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henk Broeders sold 17,632 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $41.00, for a total transaction of $722,912.00. Following the transaction, the director now owns 18,662 shares in the company, valued at $765,142. The disclosure for this sale can be found here. Insiders have sold a total of 43,163 shares of company stock worth $1,774,203 over the last 90 days. Corporate insiders own 44.30% of the company’s stock.

Forrester Research 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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Institutional Ownership by Quarter for Forrester Research (NASDAQ:FORR)

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