Bahl & Gaynor Inc. Sells 7,515 Shares of Forrester Research, Inc. (FORR)
Bahl & Gaynor Inc. cut its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 41.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,665 shares of the technology company’s stock after selling 7,515 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.06% of Forrester Research worth $459,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in FORR. Ballentine Partners LLC acquired a new position in Forrester Research during the 2nd quarter worth about $10,365,000. Vanguard Group Inc. lifted its holdings in Forrester Research by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 917,062 shares of the technology company’s stock worth $36,453,000 after buying an additional 35,510 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Forrester Research by 16.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 239,637 shares of the technology company’s stock worth $9,526,000 after buying an additional 34,540 shares during the period. Martingale Asset Management L P lifted its holdings in Forrester Research by 144.2% during the 2nd quarter. Martingale Asset Management L P now owns 42,004 shares of the technology company’s stock worth $1,645,000 after buying an additional 24,800 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Forrester Research by 1.2% during the 1st quarter. Wellington Management Group LLP now owns 1,993,642 shares of the technology company’s stock worth $79,247,000 after buying an additional 23,280 shares during the period. 52.08% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Henk Broeders sold 17,632 shares of the 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 completion of the sale, the director now directly owns 18,662 shares in the company, valued at $765,142. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gretchen Teichgraeber sold 6,250 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $41.00, for a total transaction of $256,250.00. Following the sale, the director now owns 16,020 shares of the company’s stock, valued at $656,820. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,196 shares of company stock valued at $3,028,623. 44.30% of the stock is currently owned by company insiders.
Forrester Research, Inc. (NASDAQ FORR) opened at 39.70 on Tuesday. The firm has a market capitalization of $704.00 million, a P/E ratio of 40.51 and a beta of 0.42. Forrester Research, Inc. has a 52 week low of $34.95 and a 52 week high of $44.40. The stock has a 50 day moving average price of $40.11 and a 200-day moving average price of $39.59.
Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. The company had revenue of $89.70 million during the quarter, compared to analyst estimates of $87.51 million. Forrester Research had a net margin of 5.49% and a return on equity of 13.00%. Forrester Research’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. Analysts anticipate that Forrester Research, Inc. will post $1.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.91%. Forrester Research’s dividend payout ratio is currently 77.55%.
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Several research analysts have commented on the company. BidaskClub raised Forrester Research from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Zacks Investment Research raised Forrester Research from a “sell” rating to a “hold” rating in a research note on Monday, August 14th.
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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