Forrester Research Inc. (FORR) Insider Steven P. Peltzman Sells 2,417 Shares
Forrester Research Inc. (NASDAQ:FORR) insider Steven P. Peltzman sold 2,417 shares of Forrester Research stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $41.08, for a total transaction of $99,290.36. Following the transaction, the insider now owns 2,418 shares in the company, valued at approximately $99,331.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Forrester Research Inc. (NASDAQ:FORR) opened at 40.80 on Tuesday. Forrester Research Inc. has a one year low of $27.05 and a one year high of $42.01. The firm has a market cap of $743.29 million, a price-to-earnings ratio of 53.68 and a beta of 0.50. The firm has a 50-day moving average of $38.40 and a 200-day moving average of $38.58.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.03. The business 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 firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. Analysts anticipate that Forrester Research Inc. will post $1.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Shareholders of record on Wednesday, December 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.75%. Forrester Research’s dividend payout ratio is presently 96.00%.
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FORR has been the topic of several recent research reports. Zacks Investment Research lowered shares of Forrester Research from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Sidoti upgraded shares of Forrester Research from a “neutral” rating to a “buy” rating in a report on Monday, October 31st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FORR. BlackRock Fund Advisors raised its position in Forrester Research by 2.8% in the second quarter. BlackRock Fund Advisors now owns 664,422 shares of the company’s stock valued at $24,491,000 after buying an additional 17,923 shares in the last quarter. BlackRock Investment Management LLC raised its position in Forrester Research by 5.3% in the second quarter. BlackRock Investment Management LLC now owns 43,307 shares of the company’s stock valued at $1,596,000 after buying an additional 2,198 shares in the last quarter. Principal Financial Group Inc. raised its position in Forrester Research by 4.0% in the second quarter. Principal Financial Group Inc. now owns 70,761 shares of the company’s stock valued at $2,608,000 after buying an additional 2,717 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Forrester Research by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 692,352 shares of the company’s stock valued at $25,520,000 after buying an additional 7,681 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in Forrester Research during the second quarter valued at $148,000. Hedge funds and other institutional investors own 53.48% of the company’s stock.
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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