Michael Welles Sells 5,300 Shares of Forrester Research Inc. (FORR) Stock
Forrester Research Inc. (NASDAQ:FORR) Director Michael Welles sold 5,300 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $41.02, for a total transaction of $217,406.00. Following the completion of the transaction, the director now directly owns 23,364 shares in the company, valued at approximately $958,391.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Michael Welles also recently made the following trade(s):
- On Monday, November 28th, Michael Welles sold 13,278 shares of Forrester Research stock. The stock was sold at an average price of $41.03, for a total transaction of $544,796.34.
Shares of Forrester Research Inc. (NASDAQ:FORR) traded up 0.49% during midday trading on Wednesday, hitting $40.90. 86,101 shares of the company’s stock traded hands. The company has a 50 day moving average price of $38.40 and a 200 day moving average price of $38.58. Forrester Research Inc. has a 1-year low of $27.05 and a 1-year high of $42.01. The firm has a market capitalization of $745.12 million, a price-to-earnings ratio of 53.82 and a beta of 0.50.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, October 26th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $77.40 million for 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 business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Equities analysts anticipate that Forrester Research Inc. will post $1.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Wednesday, December 7th will be issued a $0.18 dividend. The ex-dividend date is Monday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.76%. Forrester Research’s dividend payout ratio (DPR) is presently 96.00%.
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FORR has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Forrester Research from a “hold” rating to a “sell” rating in a report on Tuesday, November 1st. Sidoti raised 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 made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of Forrester Research by 114.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,088 shares of the company’s stock valued at $114,000 after buying an additional 1,648 shares during the period. GW&K Investment Management LLC increased its position in shares of Forrester Research by 30.6% in the second quarter. GW&K Investment Management LLC now owns 108,923 shares of the company’s stock valued at $4,015,000 after buying an additional 25,550 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Forrester Research during the second quarter valued at approximately $726,000. KBC Group NV increased its position in shares of Forrester Research by 90.5% in the second quarter. KBC Group NV now owns 7,194 shares of the company’s stock valued at $265,000 after buying an additional 3,418 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Forrester Research during the second quarter valued at approximately $713,000. Hedge funds and other 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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