Forrester Research, Inc. (NASDAQ:FORR) has been given an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Zacks has also assigned Forrester Research an industry rank of 99 out of 265 based on the ratings given to its competitors.
A number of research analysts recently issued reports on FORR shares. BidaskClub lowered shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $90.38 million during the quarter, compared to the consensus estimate of $84.85 million. Forrester Research had a net margin of 4.48% and a return on equity of 11.47%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. equities analysts expect that Forrester Research will post 1.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, March 6th. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. Forrester Research’s dividend payout ratio (DPR) is 96.39%.
In other Forrester Research news, Director Gretchen Teichgraeber sold 7,368 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $41.53, for a total transaction of $305,993.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Hornig sold 646 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $40.70, for a total transaction of $26,292.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,014 shares of company stock valued at $419,365. 44.30% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan increased its position in Forrester Research by 59.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,370 shares during the period. Spark Investment Management LLC acquired a new stake in Forrester Research during the 4th quarter valued at approximately $203,000. BNP Paribas Arbitrage SA increased its position in Forrester Research by 65.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the technology company’s stock valued at $214,000 after purchasing an additional 2,023 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Forrester Research during the 4th quarter valued at approximately $256,000. Finally, Acadian Asset Management LLC increased its position in Forrester Research by 90.5% during the 4th quarter. Acadian Asset Management LLC now owns 6,815 shares of the technology company’s stock valued at $301,000 after purchasing an additional 3,238 shares during the period. 60.12% of the stock is owned by institutional investors and hedge funds.
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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