OppenheimerFunds Inc. boosted its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 43.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,792 shares of the technology company’s stock after buying an additional 2,050 shares during the period. OppenheimerFunds Inc.’s holdings in Forrester Research were worth $270,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan raised its position in Forrester Research by 1.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,460 shares of the technology company’s stock valued at $177,000 after buying an additional 80 shares during the period. Arizona State Retirement System raised its position in Forrester Research by 1.9% in the first quarter. Arizona State Retirement System now owns 5,230 shares of the technology company’s stock valued at $208,000 after buying an additional 100 shares during the period. Victory Capital Management Inc. raised its position in Forrester Research by 414.9% in the first quarter. Victory Capital Management Inc. now owns 15,582 shares of the technology company’s stock valued at $619,000 after buying an additional 12,556 shares during the period. Martingale Asset Management L P raised its position in Forrester Research by 67.0% in the first quarter. Martingale Asset Management L P now owns 17,204 shares of the technology company’s stock valued at $684,000 after buying an additional 6,904 shares during the period. Finally, Alambic Investment Management L.P. purchased a new position in Forrester Research during the first quarter valued at $220,000. 53.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Forrester Research, Inc. (FORR) opened at 38.40 on Friday. The firm has a market cap of $680.95 million, a PE ratio of 39.18 and a beta of 0.42. Forrester Research, Inc. has a 1-year low of $34.95 and a 1-year high of $44.40. The company has a 50-day moving average of $40.04 and a 200-day moving average of $39.32.
Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.07. Forrester Research had a return on equity of 13.00% and a net margin of 5.49%. The business had revenue of $89.70 million during the quarter, compared to analysts’ expectations of $87.51 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts predict that Forrester Research, Inc. will post $1.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Tuesday, September 5th. Forrester Research’s dividend payout ratio (DPR) is presently 77.55%.
Several research firms have recently weighed in on FORR. BidaskClub lowered shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of Forrester Research from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
In other Forrester Research news, Director George Hornig sold 2,583 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $37.36, for a total value of $96,500.88. Following the completion of the transaction, the director now owns 4,425 shares in the company, valued at $165,318. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven P. Peltzman sold 18,595 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $40.02, for a total value of $744,171.90. Following the completion of the transaction, the insider now owns 12,418 shares of the company’s stock, valued at approximately $496,968.36. The disclosure for this sale can be found here. Insiders have sold 57,358 shares of company stock valued at $2,302,684 in the last 90 days. Company insiders own 46.60% of the company’s stock.
Forrester Research Company Profile
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.
What are top analysts saying about Forrester Research Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Forrester Research Inc. and related companies.