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.
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%.
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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.
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