Forrester Research, Inc. (NASDAQ:FORR) CFO Michael A. Doyle sold 10,000 shares of Forrester Research stock in a transaction on Friday, December 1st. The shares were sold at an average price of $46.09, for a total transaction of $460,900.00. Following the completion of the sale, the chief financial officer now directly owns 31,562 shares of the company’s stock, valued at $1,454,692.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Forrester Research, Inc. (FORR) opened at $46.60 on Tuesday. Forrester Research, Inc. has a 52 week low of $34.95 and a 52 week high of $47.75. The firm has a market cap of $827.75, a price-to-earnings ratio of 44.71, a price-to-earnings-growth ratio of 4.17 and a beta of 0.46.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The firm had revenue of $80.40 million during the quarter, compared to the consensus estimate of $78.92 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. equities analysts predict that Forrester Research, Inc. will post 0.92 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, December 5th. Forrester Research’s dividend payout ratio is currently 73.79%.

Several equities research analysts have weighed in on FORR shares. Zacks Investment Research raised shares of Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Monday, October 30th. BidaskClub raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Friday, August 25th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Forrester Research by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 719,604 shares of the technology company’s stock valued at $30,116,000 after buying an additional 8,216 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Forrester Research by 5.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 40,766 shares of the technology company’s stock valued at $1,707,000 after buying an additional 2,081 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Forrester Research by 10.2% during the third quarter. JPMorgan Chase & Co. now owns 15,351 shares of the technology company’s stock valued at $644,000 after buying an additional 1,426 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Forrester Research by 59.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the technology company’s stock valued at $153,000 after buying an additional 1,370 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Forrester Research by 38.7% during the third quarter. New York State Common Retirement Fund now owns 16,500 shares of the technology company’s stock valued at $691,000 after buying an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 54.42% of the company’s stock.

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Forrester Research Company 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.

Insider Buying and Selling by Quarter for Forrester Research (NASDAQ:FORR)

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