BidaskClub lowered shares of Forrester Research (NASDAQ:FORR) from a sell rating to a strong sell rating in a research note issued to investors on Monday.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Forrester Research from a hold rating to a sell rating in a research note on Friday, August 3rd. Barrington Research reaffirmed a hold rating on shares of Forrester Research in a research note on Tuesday, July 24th. Finally, ValuEngine raised shares of Forrester Research from a hold rating to a buy rating in a research note on Monday, July 2nd.

Shares of NASDAQ FORR opened at $46.10 on Monday. Forrester Research has a 52 week low of $36.95 and a 52 week high of $50.00. The firm has a market capitalization of $834.11 million, a P/E ratio of 69.92, a PEG ratio of 4.09 and a beta of 0.45.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Friday, July 27th. The technology company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.38 by $0.15. Forrester Research had a net margin of 3.51% and a return on equity of 8.68%. The company had revenue of $96.35 million for the quarter, compared to the consensus estimate of $93.48 million. analysts anticipate that Forrester Research will post 0.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, September 11th. Forrester Research’s payout ratio is currently 96.39%.

In other Forrester Research news, Director Gretchen Teichgraeber sold 9,375 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $45.56, for a total transaction of $427,125.00. Following the transaction, the director now directly owns 23,629 shares of the company’s stock, valued at approximately $1,076,537.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Cliff Condon sold 5,253 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $45.00, for a total transaction of $236,385.00. Following the transaction, the insider now directly owns 25,606 shares in the company, valued at $1,152,270. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,267 shares of company stock worth $783,263. Insiders own 43.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of FORR. Massachusetts Financial Services Co. MA increased its position in Forrester Research by 18.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 465,864 shares of the technology company’s stock valued at $19,543,000 after purchasing an additional 74,037 shares during the period. BlackRock Inc. boosted its holdings in shares of Forrester Research by 4.4% during the 2nd quarter. BlackRock Inc. now owns 1,390,788 shares of the technology company’s stock valued at $58,345,000 after buying an additional 58,153 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Forrester Research by 5.1% during the 2nd quarter. Renaissance Technologies LLC now owns 733,500 shares of the technology company’s stock valued at $30,770,000 after buying an additional 35,700 shares in the last quarter. TD Asset Management Inc. bought a new stake in shares of Forrester Research during the 2nd quarter valued at $1,376,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Forrester Research by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 748,186 shares of the technology company’s stock valued at $31,012,000 after buying an additional 21,970 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Article: Determine Your Level of Risk Tolerance

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.