Dimensional Fund Advisors LP Purchases 6,447 Shares of Forrester Research, Inc. (FORR)
Dimensional Fund Advisors LP grew its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 711,388 shares of the technology company’s stock after purchasing an additional 6,447 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.01% of Forrester Research worth $27,851,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Forrester Research by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 961,242 shares of the technology company’s stock valued at $37,633,000 after purchasing an additional 44,180 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Forrester Research by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 585,600 shares of the technology company’s stock valued at $22,926,000 after purchasing an additional 31,400 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Forrester Research during the 2nd quarter valued at approximately $10,365,000. Northern Trust Corp increased its holdings in shares of Forrester Research by 10.1% during the 2nd quarter. Northern Trust Corp now owns 152,154 shares of the technology company’s stock valued at $5,956,000 after purchasing an additional 14,003 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Forrester Research by 4.5% during the 1st quarter. Geode Capital Management LLC now owns 90,223 shares of the technology company’s stock valued at $3,586,000 after purchasing an additional 3,899 shares in the last quarter. 52.07% of the stock is owned by hedge funds and other institutional investors.
FORR has been the topic of a number of research analyst reports. BidaskClub cut shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Monday, October 30th.
In other news, insider Scott Chouinard sold 887 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.25, for a total value of $39,249.75. Following the transaction, the insider now directly owns 2,261 shares in the company, valued at approximately $100,049.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gretchen Teichgraeber sold 6,250 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $41.00, for a total value of $256,250.00. Following the completion of the transaction, the director now owns 16,020 shares in the company, valued at $656,820. The disclosure for this sale can be found here. Insiders sold a total of 54,083 shares of company stock worth $2,220,057 over the last 90 days. 44.30% of the stock is owned by corporate insiders.
Shares of Forrester Research, Inc. (NASDAQ:FORR) opened at $45.70 on Friday. The company has a market cap of $807.78 million, a PE ratio of 44.22, a price-to-earnings-growth ratio of 4.13 and a beta of 0.45.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. Forrester Research had a return on equity of 13.76% and a net margin of 5.70%. The firm had revenue of $80.40 million for the quarter, compared to analyst estimates of $78.92 million. During the same period last year, the company earned $0.32 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. research analysts forecast that Forrester Research, Inc. will post 0.92 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a $0.19 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.76 annualized dividend and a dividend yield of 1.66%. Forrester Research’s dividend payout ratio is currently 73.79%.
About Forrester Research
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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