Forrester Research, Inc. (NASDAQ:FORR) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $47.90 and last traded at $47.70, with a volume of 1179 shares trading hands. The stock had previously closed at $46.85.

FORR has been the topic of a number of recent research reports. ValuEngine raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. BidaskClub raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research note on Monday, July 30th. Finally, Zacks Investment Research downgraded shares of Forrester Research from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd.

The company has a market cap of $811.52 million, a price-to-earnings 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 earnings results on Friday, July 27th. The technology company reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $96.35 million for the quarter, compared to the consensus estimate of $93.48 million. sell-side analysts expect that Forrester Research, Inc. will post 0.94 EPS for the current year.

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

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

Several institutional investors and hedge funds have recently made changes to their positions in FORR. Massachusetts Financial Services Co. MA raised its stake in shares of Forrester Research by 18.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 465,864 shares of the technology company’s stock valued at $19,543,000 after acquiring an additional 74,037 shares during the period. BlackRock Inc. raised its stake in shares of Forrester Research by 4.4% in the second quarter. BlackRock Inc. now owns 1,390,788 shares of the technology company’s stock valued at $58,345,000 after acquiring an additional 58,153 shares during the period. Renaissance Technologies LLC raised its stake in shares of Forrester Research by 5.1% in the second quarter. Renaissance Technologies LLC now owns 733,500 shares of the technology company’s stock valued at $30,770,000 after acquiring an additional 35,700 shares during the period. TD Asset Management Inc. purchased a new stake in shares of Forrester Research in the second quarter valued at $1,376,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Forrester Research by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 748,186 shares of the technology company’s stock valued at $31,012,000 after acquiring an additional 21,970 shares during the period. 58.08% of the stock is currently owned by institutional investors and hedge funds.

About Forrester Research (NASDAQ:FORR)

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.

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