Forrester Research, Inc. (NASDAQ:FORR) Shares Bought by OppenheimerFunds Inc.

OppenheimerFunds Inc. raised its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 43.2% during the first quarter, according to its most recent filing with the 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.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Forrester Research during the fourth quarter valued at $10,997,000. State Street Corp boosted its position in shares of Forrester Research by 8.0% in the fourth quarter. State Street Corp now owns 236,133 shares of the technology company’s stock valued at $10,142,000 after buying an additional 17,441 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Forrester Research by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 185,856 shares of the technology company’s stock valued at $7,387,000 after buying an additional 7,239 shares during the last quarter. FMR LLC boosted its position in shares of Forrester Research by 17.9% in the fourth quarter. FMR LLC now owns 150,300 shares of the technology company’s stock valued at $6,455,000 after buying an additional 22,845 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Forrester Research by 5.4% in the first quarter. Wells Fargo & Company MN now owns 95,395 shares of the technology company’s stock valued at $3,792,000 after buying an additional 4,853 shares during the last quarter. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Forrester Research, Inc. (NASDAQ FORR) traded down 2.02% during trading on Friday, hitting $38.80. 246,034 shares of the company’s stock traded hands. The company’s 50 day moving average is $40.08 and its 200-day moving average is $39.27. Forrester Research, Inc. has a 12 month low of $34.95 and a 12 month high of $44.40. The stock has a market cap of $688.04 million, a P/E ratio of 39.59 and a beta of 0.42.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.07. The business had revenue of $89.70 million for 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%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, analysts predict that Forrester Research, Inc. will post $1.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.76 annualized dividend and a dividend yield of 1.96%. Forrester Research’s dividend payout ratio is presently 77.55%.

COPYRIGHT VIOLATION NOTICE: “Forrester Research, Inc. (NASDAQ:FORR) Shares Bought by OppenheimerFunds Inc.” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.com-unik.info/2017/08/19/oppenheimerfunds-inc-acquires-2050-shares-of-forrester-research-inc-nasdaqforr-updated-updated-updated.html.

Several equities analysts recently weighed in on FORR shares. BidaskClub cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Forrester Research from a “sell” rating to a “hold” rating in a research report on Monday, August 14th.

In other news, Director Gretchen Teichgraeber sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $39.44, for a total value of $39,440.00. Following the transaction, the director now owns 11,270 shares in the company, valued at $444,488.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Morhardt sold 2,880 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $38.70, for a total transaction of $111,456.00. Following the completion of the transaction, the insider now owns 5,176 shares in the company, valued at approximately $200,311.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,180 shares of company stock worth $1,462,012. 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.

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

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit