Forrester Research Inc. (NASDAQ:FORR) Director Gretchen Teichgraeber sold 3,800 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $39.79, for a total transaction of $151,202.00. Following the sale, the director now owns 7,748 shares of the company’s stock, valued at approximately $308,292.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Forrester Research Inc. (NASDAQ:FORR) traded up 1.62% on Friday, reaching $40.75. 18,581 shares of the company traded hands. The company has a 50-day moving average price of $38.00 and a 200-day moving average price of $38.27. Forrester Research Inc. has a 12 month low of $27.05 and a 12 month high of $42.01. The company has a market capitalization of $742.38 million, a P/E ratio of 53.62 and a beta of 0.50.

Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, October 26th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The company earned $77.40 million during the quarter, compared to the consensus estimate of $79.99 million. Forrester Research had a net margin of 4.20% and a return on equity of 11.35%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Equities research analysts expect that Forrester Research Inc. will post $1.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Monday, December 5th. Forrester Research’s payout ratio is currently 96.00%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Sidoti raised shares of Forrester Research from a “neutral” rating to a “buy” rating in a report on Monday, October 31st.

Several large investors have recently added to or reduced their stakes in FORR. Aperio Group LLC increased its stake in Forrester Research by 0.8% in the third quarter. Aperio Group LLC now owns 5,980 shares of the company’s stock valued at $233,000 after buying an additional 48 shares during the last quarter. California State Teachers Retirement System increased its stake in Forrester Research by 0.5% in the third quarter. California State Teachers Retirement System now owns 20,993 shares of the company’s stock valued at $817,000 after buying an additional 100 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Forrester Research by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 34,365 shares of the company’s stock valued at $1,267,000 after buying an additional 378 shares during the last quarter. Wells Fargo & Company MN increased its stake in Forrester Research by 20.8% in the third quarter. Wells Fargo & Company MN now owns 3,479 shares of the company’s stock valued at $135,000 after buying an additional 600 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Forrester Research by 0.4% in the third quarter. Northern Trust Corp now owns 139,927 shares of the company’s stock valued at $5,444,000 after buying an additional 616 shares during the last quarter. 54.23% of the stock is owned by institutional investors.

Forrester Research Company Profile

Forrester Research, Inc (Forrester) is a global 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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