Forrester Research Inc. (NASDAQ:FORR) insider Gail Mann sold 9,500 shares of Forrester Research stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $39.75, for a total value of $377,625.00. Following the sale, the insider now directly owns 15,636 shares of the company’s stock, valued at approximately $621,531. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gail Mann also recently made the following trade(s):

  • On Wednesday, November 2nd, Gail Mann sold 7,500 shares of Forrester Research stock. The shares were sold at an average price of $37.00, for a total value of $277,500.00.
  • On Thursday, November 3rd, Gail Mann sold 7,500 shares of Forrester Research stock. The shares were sold at an average price of $37.00, for a total value of $277,500.00.

Shares of Forrester Research Inc. (NASDAQ:FORR) opened at 40.85 on Monday. The stock has a 50 day moving average price of $37.99 and a 200-day moving average price of $38.30. The stock has a market capitalization of $744.21 million, a PE ratio of 53.75 and a beta of 0.50. Forrester Research Inc. has a 52-week low of $27.05 and a 52-week high of $42.01.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Forrester Research had a return on equity of 11.35% and a net margin of 4.20%. The business had revenue of $77.40 million for the quarter, compared to the consensus estimate of $79.99 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Forrester Research Inc. will post $1.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.76%. Forrester Research’s payout ratio is currently 96.00%.

Several brokerages recently weighed in on FORR. Sidoti upgraded Forrester Research from a “neutral” rating to a “buy” rating in a research report on Monday, October 31st. Zacks Investment Research upgraded Forrester Research from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, August 1st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FORR. Aperio Group LLC boosted its stake in shares of Forrester Research by 0.8% in the third quarter. Aperio Group LLC now owns 5,980 shares of the company’s stock worth $233,000 after buying an additional 48 shares during the period. California State Teachers Retirement System boosted its stake in shares of Forrester Research by 0.5% in the third quarter. California State Teachers Retirement System now owns 20,993 shares of the company’s stock worth $817,000 after buying an additional 100 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Forrester Research by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 34,365 shares of the company’s stock worth $1,267,000 after buying an additional 378 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Forrester Research by 20.8% in the third quarter. Wells Fargo & Company MN now owns 3,479 shares of the company’s stock worth $135,000 after buying an additional 600 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Forrester Research by 0.4% in the third quarter. Northern Trust Corp now owns 139,927 shares of the company’s stock worth $5,444,000 after buying an additional 616 shares during the period. Institutional investors and hedge funds own 52.30% of the company’s stock.

About Forrester Research

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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