Michael A. Doyle Sells 5,000 Shares of Forrester Research Inc. (FORR) Stock
Forrester Research Inc. (NASDAQ:FORR) CFO Michael A. Doyle sold 5,000 shares of Forrester Research stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $41.21, for a total transaction of $206,050.00. Following the transaction, the chief financial officer now directly owns 19,461 shares of the company’s stock, valued at approximately $801,987.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Forrester Research Inc. (NASDAQ:FORR) opened at 40.70 on Wednesday. The firm has a market capitalization of $741.47 million, a PE ratio of 53.55 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 Inc. has a 12-month low of $27.05 and a 12-month high of $42.01.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.32 earnings per share (EPS) 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 analyst estimates of $79.99 million. Forrester Research had a net margin of 4.20% and a return on equity of 11.35%. Forrester Research’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Equities analysts anticipate that Forrester Research Inc. will post $1.22 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be paid a $0.18 dividend. The ex-dividend date is Monday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.77%. Forrester Research’s payout ratio is 96.00%.
A number of brokerages recently weighed in on FORR. Zacks Investment Research downgraded shares of Forrester Research from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Sidoti raised shares of Forrester Research from a “neutral” rating to a “buy” rating in a research note on Monday, October 31st.
Several hedge funds and other institutional investors have recently modified their holdings of FORR. BlackRock Fund Advisors raised its position in shares of Forrester Research by 8.0% in the third quarter. BlackRock Fund Advisors now owns 717,270 shares of the company’s stock valued at $27,902,000 after buying an additional 52,848 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 during the last quarter. American Capital Management Inc. acquired a new position in shares of Forrester Research during the third quarter valued at about $16,218,000. BlackRock Institutional Trust Company N.A. raised its position in shares of Forrester Research by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 266,456 shares of the company’s stock valued at $10,365,000 after buying an additional 2,357 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Forrester Research by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 209,489 shares of the company’s stock valued at $7,722,000 after buying an additional 7,977 shares during the last quarter. Institutional investors own 53.48% 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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