Acadian Asset Management LLC bought a new stake in Forrester Research Inc. (NASDAQ:FORR) during the second quarter, Holdings Channel reports. The institutional investor bought 19,692 shares of the company’s stock, valued at approximately $726,000.

Other large investors have also made changes to their positions in the company. GW&K Investment Management LLC increased its stake in shares of Forrester Research by 30.6% in the second quarter. GW&K Investment Management LLC now owns 108,923 shares of the company’s stock valued at $4,015,000 after buying an additional 25,550 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Forrester Research by 114.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,088 shares of the company’s stock worth $114,000 after buying an additional 1,648 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Forrester Research by 4.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 8,641 shares of the company’s stock worth $290,000 after buying an additional 404 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in shares of Forrester Research during the first quarter worth approximately $524,000. Finally, Wellington Management Group LLP increased its stake in shares of Forrester Research by 5.7% in the first quarter. Wellington Management Group LLP now owns 1,970,732 shares of the company’s stock worth $66,237,000 after buying an additional 105,534 shares during the last quarter. Institutional investors and hedge funds own 53.65% of the company’s stock.

Shares of Forrester Research Inc. (NASDAQ:FORR) traded down 0.460% on Friday, reaching $39.995. 107,125 shares of the company’s stock were exchanged. Forrester Research Inc. has a 1-year low of $27.05 and a 1-year high of $42.01. The stock’s 50-day moving average price is $40.36 and its 200-day moving average price is $36.55. The company has a market capitalization of $722.27 million, a P/E ratio of 46.998 and a beta of 0.54.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. Forrester Research had a net margin of 4.66% and a return on equity of 12.68%. The business earned $87.80 million during the quarter, compared to the consensus estimate of $84.98 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts anticipate that Forrester Research Inc. will post $1.20 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, September 2nd. Forrester Research’s payout ratio is 86.75%.

FORR has been the subject of a number of recent analyst reports. Barrington Research restated a “market perform” rating on shares of Forrester Research in a research report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Monday, August 1st.

About Forrester Research

Forrester Research, Inc (Forrester) is a global 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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