GW&K Investment Management LLC reduced its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,222 shares of the technology company’s stock after selling 3,058 shares during the period. GW&K Investment Management LLC owned approximately 0.75% of Forrester Research worth $6,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN raised its position in shares of Forrester Research by 6.3% in the 3rd quarter. Wells Fargo & Company MN now owns 34,048 shares of the technology company’s stock valued at $1,563,000 after buying an additional 2,025 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Forrester Research by 6.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 494,307 shares of the technology company’s stock valued at $22,688,000 after buying an additional 28,443 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Forrester Research in the 3rd quarter valued at approximately $207,000. United Services Automobile Association raised its position in shares of Forrester Research by 17.5% in the 2nd quarter. United Services Automobile Association now owns 301,849 shares of the technology company’s stock valued at $12,663,000 after buying an additional 45,000 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Forrester Research by 5.0% in the 2nd quarter. Northern Trust Corp now owns 155,021 shares of the technology company’s stock valued at $6,503,000 after buying an additional 7,345 shares in the last quarter. Institutional investors and hedge funds own 58.11% of the company’s stock.

Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Forrester Research from a “strong sell” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Barrington Research restated a “hold” rating on shares of Forrester Research in a research report on Monday, July 30th. Finally, Zacks Investment Research upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a research report on Monday, October 1st.

Shares of Forrester Research stock opened at $43.36 on Friday. The company has a market cap of $770.56 million, a P/E ratio of 52.24, a P/E/G ratio of 3.78 and a beta of 0.54. Forrester Research, Inc. has a 1 year low of $36.19 and a 1 year high of $50.00.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $84.89 million for the quarter, compared to the consensus estimate of $83.52 million. Forrester Research had a net margin of 3.46% and a return on equity of 8.50%. On average, research analysts anticipate that Forrester Research, Inc. will post 0.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, December 11th. Forrester Research’s dividend payout ratio (DPR) is presently 96.39%.

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About Forrester Research

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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Institutional Ownership by Quarter for Forrester Research (NASDAQ:FORR)

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