Legal & General Group Plc Has $702,000 Holdings in Forrester Research, Inc. (FORR)
Legal & General Group Plc lifted its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,944 shares of the technology company’s stock after acquiring an additional 1,499 shares during the period. Legal & General Group Plc owned approximately 0.10% of Forrester Research worth $702,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of FORR. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Forrester Research by 1.8% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 4,460 shares of the technology company’s stock worth $177,000 after acquiring an additional 80 shares during the period. Arizona State Retirement System lifted its holdings in shares of Forrester Research by 1.9% during the 1st quarter. Arizona State Retirement System now owns 5,230 shares of the technology company’s stock worth $208,000 after acquiring an additional 100 shares during the period. Oxford Asset Management bought a new stake in shares of Forrester Research during the 1st quarter worth approximately $231,000. First Trust Advisors LP lifted its holdings in shares of Forrester Research by 19.2% during the 1st quarter. First Trust Advisors LP now owns 5,810 shares of the technology company’s stock worth $231,000 after acquiring an additional 937 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Forrester Research during the 1st quarter worth approximately $236,000. 52.08% of the stock is owned by institutional investors.
Shares of Forrester Research, Inc. (NASDAQ:FORR) opened at 43.45 on Thursday. The company has a market cap of $770.50 million, a P/E ratio of 44.34 and a beta of 0.44. Forrester Research, Inc. has a one year low of $34.95 and a one year high of $44.40. The stock’s 50 day moving average is $40.64 and its 200-day moving average is $39.91.
Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.27 by $0.07. The company had revenue of $89.70 million during the quarter, compared to analysts’ expectations of $87.51 million. Forrester Research had a net margin of 5.49% and a return on equity of 13.00%. Forrester Research’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. Equities research analysts forecast that Forrester Research, Inc. will post $1.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Wednesday, September 6th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 5th. This represents a $0.76 annualized dividend and a yield of 1.75%. Forrester Research’s dividend payout ratio is currently 77.55%.
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A number of analysts have recently weighed in on FORR shares. BidaskClub downgraded shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised shares of Forrester Research from a “sell” rating to a “hold” rating in a report on Monday, August 14th.
In related news, Director Michael Welles sold 12,388 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $40.53, for a total transaction of $502,085.64. Following the completion of the transaction, the director now owns 17,824 shares of the company’s stock, valued at $722,406.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Henk Broeders sold 11,300 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $41.00, for a total transaction of $463,300.00. Following the transaction, the director now directly owns 28,762 shares of the company’s stock, valued at approximately $1,179,242. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,896 shares of company stock valued at $2,936,623. 44.30% of the stock is owned by corporate insiders.
About Forrester Research
Forrester Research, Inc (Forrester) is an 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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