Michael Welles Sells 12,388 Shares of Forrester Research, Inc. (NASDAQ:FORR) Stock
Forrester Research, Inc. (NASDAQ:FORR) Director Michael Welles sold 12,388 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $40.53, for a total transaction of $502,085.64. Following the completion of the sale, the director now owns 17,824 shares in the company, valued at approximately $722,406.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Michael Welles also recently made the following trade(s):
- On Monday, July 10th, Michael Welles sold 5,312 shares of Forrester Research stock. The stock was sold at an average price of $40.00, for a total transaction of $212,480.00.
- On Wednesday, July 5th, Michael Welles sold 2,300 shares of Forrester Research stock. The stock was sold at an average price of $40.00, for a total transaction of $92,000.00.
Shares of Forrester Research, Inc. (NASDAQ:FORR) opened at 39.95 on Monday. Forrester Research, Inc. has a 52 week low of $34.95 and a 52 week high of $44.40. The stock has a 50 day moving average of $39.13 and a 200 day moving average of $39.79. The firm has a market cap of $708.63 million, a P/E ratio of 37.87 and a beta of 0.41.
Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, April 26th. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The business had revenue of $77.20 million for the quarter, compared to analyst estimates of $76.38 million. Forrester Research had a return on equity of 13.85% and a net margin of 5.95%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. Equities analysts forecast that Forrester Research, Inc. will post $1.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Monday, June 5th. Forrester Research’s payout ratio is presently 72.38%.
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Separately, Zacks Investment Research upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Forrester Research by 1.2% in the first quarter. Wellington Management Group LLP now owns 1,993,642 shares of the technology company’s stock worth $79,247,000 after buying an additional 23,280 shares during the last quarter. Vanguard Group Inc. raised its position in Forrester Research by 4.0% in the first quarter. Vanguard Group Inc. now owns 917,062 shares of the technology company’s stock worth $36,453,000 after buying an additional 35,510 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Forrester Research by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 704,941 shares of the technology company’s stock worth $28,021,000 after buying an additional 8,519 shares during the last quarter. Renaissance Technologies LLC raised its position in Forrester Research by 2.6% in the first quarter. Renaissance Technologies LLC now owns 554,200 shares of the technology company’s stock worth $22,029,000 after buying an additional 14,000 shares during the last quarter. Finally, Norges Bank acquired a new position in Forrester Research during the fourth quarter worth $10,997,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.
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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