Insider Selling: Forrester Research, Inc. (NASDAQ:FORR) Director Sells 11,300 Shares of Stock
Forrester Research, Inc. (NASDAQ:FORR) Director Henk Broeders sold 11,300 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $41.00, for a total value of $463,300.00. Following the completion of the transaction, the director now owns 28,762 shares of the company’s stock, valued at $1,179,242. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Forrester Research, Inc. (FORR) traded down 1.41% on Wednesday, reaching $38.55. The company’s stock had a trading volume of 30,156 shares. The firm has a 50-day moving average of $39.97 and a 200 day moving average of $39.37. The company has a market capitalization of $683.80 million, a price-to-earnings ratio of 39.34 and a beta of 0.42. Forrester Research, Inc. has a 12-month low of $34.95 and a 12-month high of $44.40.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $89.70 million for the quarter, compared to analysts’ expectations of $87.51 million. Forrester Research had a return on equity of 12.67% and a net margin of 5.49%. Forrester Research’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities research analysts anticipate that Forrester Research, Inc. will post $1.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, September 5th. Forrester Research’s dividend payout ratio (DPR) is presently 77.55%.
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Several research analysts have weighed in on FORR shares. BidaskClub downgraded Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded Forrester Research from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th.
Large investors have recently made changes to their positions in the stock. Karp Capital Management Corp bought a new stake in shares of Forrester Research during the first quarter worth approximately $236,000. Comerica Bank boosted its stake in shares of Forrester Research by 4.3% in the first quarter. Comerica Bank now owns 11,035 shares of the technology company’s stock worth $446,000 after buying an additional 459 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Forrester Research by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 185,856 shares of the technology company’s stock worth $7,387,000 after buying an additional 7,239 shares during the period. First Trust Advisors LP boosted its stake in shares of Forrester Research by 19.2% in the first quarter. First Trust Advisors LP now owns 5,810 shares of the technology company’s stock worth $231,000 after buying an additional 937 shares during the period. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Forrester Research by 20.4% in the first quarter. Wedge Capital Management L L P NC now owns 6,077 shares of the technology company’s stock worth $242,000 after buying an additional 1,030 shares during the period. Hedge funds and other institutional investors own 53.36% of the company’s stock.
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.
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