Royce & Associates LP Has $1,578,000 Stake in Forrester Research Inc. (FORR)
Royce & Associates LP continued to hold its position in shares of Forrester Research Inc. (NASDAQ:FORR) during the second quarter, Holdings Channel reports. The institutional investor owned 42,804 shares of the company’s stock at the end of the second quarter. Royce & Associates LP owned 0.24% of Forrester Research worth $1,578,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in FORR. Wellington Management Group LLP raised its position 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 period. GW&K Investment Management LLC raised 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. Acadian Asset Management LLC purchased a new stake in shares of Forrester Research during the second quarter valued at $726,000. Emerald Acquisition Ltd. purchased a new stake in shares of Forrester Research during the second quarter valued at $713,000. Finally, Capital Impact Advisors LLC raised its stake in shares of Forrester Research by 265.7% in the first quarter. Capital Impact Advisors LLC now owns 24,501 shares of the company’s stock valued at $823,000 after buying an additional 17,801 shares during the period. Institutional investors own 53.65% of the company’s stock.
Shares of Forrester Research Inc. (NASDAQ:FORR) traded down 0.460% during mid-day trading on Friday, hitting $39.995. The stock had a trading volume of 107,125 shares. The stock has a market cap of $722.27 million, a price-to-earnings ratio of 46.998 and a beta of 0.54. The firm’s 50-day moving average price is $40.36 and its 200 day moving average price is $36.55. Forrester Research Inc. has a 12-month low of $27.05 and a 12-month high of $42.01.
Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.13. Forrester Research had a return on equity of 12.68% and a net margin of 4.66%. The business earned $87.80 million during the quarter, compared to analysts’ expectations of $84.98 million. During the same period in the prior year, the firm posted $0.40 EPS. Forrester Research’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that Forrester Research Inc. will post $1.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.80%. Forrester Research’s payout ratio is presently 86.75%.
Several analysts have recently weighed in on FORR shares. Zacks Investment Research upgraded Forrester Research from a “sell” rating to a “hold” rating in a report on Tuesday, May 31st. Barrington Research restated a “market perform” rating on shares of Forrester Research in a report on Wednesday, June 22nd.
Forrester Research Company Profile
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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