Texas Permanent School Fund decreased its stake in Forrester Research, Inc. (NASDAQ:FORR) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,123 shares of the technology company’s stock after selling 131 shares during the period. Texas Permanent School Fund’s holdings in Forrester Research were worth $279,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FORR. Municipal Employees Retirement System of Michigan boosted its stake in shares of Forrester Research by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,460 shares of the technology company’s stock valued at $177,000 after buying an additional 80 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Forrester Research by 1.9% in the first quarter. Arizona State Retirement System now owns 5,230 shares of the technology company’s stock valued at $208,000 after buying an additional 100 shares during the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Forrester Research during the first quarter valued at about $220,000. 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 valued at $231,000 after buying an additional 937 shares during the last quarter. Finally, Oxford Asset Management bought a new stake in shares of Forrester Research during the first quarter valued at about $231,000. Hedge funds and other institutional investors own 52.08% of the company’s stock.

Forrester Research, Inc. (NASDAQ FORR) opened at 40.95 on Wednesday. Forrester Research, Inc. has a 52 week low of $34.95 and a 52 week high of $44.40. The firm has a market cap of $726.17 million, a price-to-earnings ratio of 41.79 and a beta of 0.42. The stock has a 50 day moving average price of $40.17 and a 200 day moving average price of $39.26.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.07. Forrester Research had a net margin of 5.49% and a return on equity of 13.00%. The company had revenue of $89.70 million during the quarter, compared to analysts’ expectations of $87.51 million. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect that Forrester Research, Inc. will post $1.18 EPS for the current year.

The company also recently declared 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 1.86%. The ex-dividend date of this dividend is Tuesday, September 5th. Forrester Research’s dividend payout ratio (DPR) is 77.55%.

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Several analysts have issued reports on the company. BidaskClub cut Forrester Research from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research cut Forrester Research from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

In related news, Director Gretchen Teichgraeber sold 1,000 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $39.44, for a total value of $39,440.00. Following the completion of the sale, the director now owns 11,270 shares in the company, valued at $444,488.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Henk Broeders sold 11,300 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $41.00, for a total transaction of $463,300.00. Following the completion of the sale, the director now owns 28,762 shares of the company’s stock, valued at approximately $1,179,242. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,180 shares of company stock valued at $1,462,012. 44.30% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Forrester Research (NASDAQ:FORR)

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