Shares of Forrester Research, Inc. (NASDAQ:FORR) have been given an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Zacks has also given Forrester Research an industry rank of 37 out of 255 based on the ratings given to related companies.

A number of research analysts have issued reports on the company. BidaskClub cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Zacks Investment Research cut Forrester Research from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Barrington Research reissued a “hold” rating on shares of Forrester Research in a research note on Monday, July 30th. Finally, ValuEngine raised Forrester Research from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd.

In other news, insider Cliff Condon sold 5,253 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $45.00, for a total value of $236,385.00. Following the sale, the insider now directly owns 25,606 shares in the company, valued at $1,152,270. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gretchen Teichgraeber sold 9,375 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $45.56, for a total value of $427,125.00. Following the completion of the sale, the director now owns 23,629 shares in the company, valued at $1,076,537.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,297 shares of company stock valued at $782,836. Insiders own 43.50% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Forrester Research in the first quarter valued at about $140,000. SG Americas Securities LLC bought a new stake in shares of Forrester Research in the second quarter valued at about $142,000. Citigroup Inc. lifted its holdings in shares of Forrester Research by 69.2% in the first quarter. Citigroup Inc. now owns 3,837 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,569 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Forrester Research in the fourth quarter valued at about $256,000. Finally, Sun Life Financial INC bought a new stake in shares of Forrester Research in the second quarter valued at about $376,000. Institutional investors own 58.08% of the company’s stock.

Shares of Forrester Research stock traded up $0.85 during trading on Tuesday, reaching $48.30. 109,241 shares of the company were exchanged, compared to its average volume of 45,785. Forrester Research has a twelve month low of $36.95 and a twelve month high of $48.45. The stock has a market cap of $811.52 million, a PE ratio of 58.19, a price-to-earnings-growth ratio of 3.98 and a beta of 0.47.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Friday, July 27th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.15. Forrester Research had a return on equity of 8.68% and a net margin of 3.51%. The business had revenue of $96.35 million during the quarter, compared to analysts’ expectations of $93.48 million. research analysts predict that Forrester Research will post 0.94 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. Forrester Research’s payout ratio is 96.39%.

About Forrester Research

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

Read More: Market Capitalization and Individual Investors

Get a free copy of the Zacks research report on Forrester Research (FORR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Forrester Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forrester Research and related companies with MarketBeat.com's FREE daily email newsletter.