Acadian Asset Management LLC Takes Position in Forrester Research Inc. (FORR)
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.
Want to see what other hedge funds are holding FORR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forrester Research Inc. (NASDAQ:FORR).
Receive News & Ratings for Forrester Research Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forrester Research Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.