Forrester Research Inc. (FORR) CFO Sells $206,050.00 in Stock
Forrester Research Inc. (NASDAQ:FORR) CFO Michael A. Doyle sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $41.21, for a total value of $206,050.00. Following the transaction, the chief financial officer now directly owns 19,461 shares of the company’s stock, valued at $801,987.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Forrester Research Inc. (NASDAQ:FORR) opened at 40.90 on Thursday. The stock’s 50 day moving average price is $38.40 and its 200 day moving average price is $38.58. The firm has a market capitalization of $745.12 million, a PE ratio of 53.82 and a beta of 0.50. Forrester Research Inc. has a 52-week low of $27.05 and a 52-week high of $42.01.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. Forrester Research had a return on equity of 11.35% and a net margin of 4.20%. The business had revenue of $77.40 million for the quarter, compared to analysts’ expectations of $79.99 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. Analysts expect that Forrester Research Inc. will post $1.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Stockholders of record on Wednesday, December 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, December 5th. Forrester Research’s dividend payout ratio (DPR) is 96.00%.
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Several research firms recently commented on FORR. Zacks Investment Research cut Forrester Research from a “hold” rating to a “sell” rating in a research note on Tuesday, November 1st. Sidoti raised Forrester Research from a “neutral” rating to a “buy” rating in a research note on Monday, October 31st.
Large investors have recently bought and sold shares of the company. Credit Suisse AG boosted its stake in Forrester Research by 13.7% in the third quarter. Credit Suisse AG now owns 15,773 shares of the company’s stock valued at $613,000 after buying an additional 1,896 shares during the period. Panagora Asset Management Inc. purchased a new position in shares of Forrester Research during the third quarter valued at $247,000. The Manufacturers Life Insurance Company purchased a new position in shares of Forrester Research during the third quarter valued at $283,000. Analytic Investors LLC raised its position in shares of Forrester Research by 10.7% in the third quarter. Analytic Investors LLC now owns 69,648 shares of the company’s stock valued at $2,709,000 after buying an additional 6,734 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Forrester Research by 11.0% in the third quarter. Two Sigma Advisers LP now owns 22,215 shares of the company’s stock valued at $864,000 after buying an additional 2,200 shares during the period. Institutional investors and hedge funds 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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