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.

Insider Buying and Selling by Quarter for Forrester Research (NASDAQ:FORR)

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%.

ILLEGAL ACTIVITY NOTICE: “Forrester Research Inc. (FORR) Insider Steven P. Peltzman Sells 2,417 Shares” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.thecerbatgem.com/2016/11/29/forrester-research-inc-forr-insider-steven-p-peltzman-sells-2417-shares.html.

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.

5 Day Chart for NASDAQ:FORR

Receive News & Stock Ratings for Forrester Research Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forrester Research Inc. and related stocks with our FREE daily email newsletter.