Northern Trust Corp Has $5.96 Million Position in Forrester Research, Inc. (FORR)

Northern Trust Corp increased its position in Forrester Research, Inc. (NASDAQ:FORR) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,154 shares of the technology company’s stock after purchasing an additional 14,003 shares during the period. Northern Trust Corp owned approximately 0.86% of Forrester Research worth $5,956,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FORR. BNP Paribas Arbitrage SA lifted its stake in Forrester Research by 51.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,082 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,051 shares during the period. Tudor Investment Corp ET AL lifted its stake in Forrester Research by 10.4% during the 1st quarter. Tudor Investment Corp ET AL now owns 6,715 shares of the technology company’s stock valued at $267,000 after acquiring an additional 631 shares during the period. OppenheimerFunds Inc. lifted its stake in Forrester Research by 43.2% during the 1st quarter. OppenheimerFunds Inc. now owns 6,792 shares of the technology company’s stock valued at $270,000 after acquiring an additional 2,050 shares during the period. Aperio Group LLC lifted its stake in Forrester Research by 14.5% during the 2nd quarter. Aperio Group LLC now owns 6,803 shares of the technology company’s stock valued at $266,000 after acquiring an additional 860 shares during the period. Finally, Seizert Capital Partners LLC lifted its stake in Forrester Research by 5.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 6,834 shares of the technology company’s stock valued at $268,000 after acquiring an additional 335 shares during the period. Institutional investors own 52.67% of the company’s stock.

Several equities analysts have issued reports on FORR shares. BidaskClub cut shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Monday, October 30th.

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In other news, insider Scott Chouinard sold 887 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.25, for a total transaction of $39,249.75. Following the completion of the sale, the insider now owns 2,261 shares of the company’s stock, valued at approximately $100,049.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henk Broeders sold 17,632 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $41.00, for a total transaction of $722,912.00. Following the sale, the director now directly owns 18,662 shares of the company’s stock, valued at approximately $765,142. The disclosure for this sale can be found here. Insiders have sold a total of 43,163 shares of company stock valued at $1,774,203 in the last ninety days. Insiders own 44.30% of the company’s stock.

Forrester Research, Inc. (NASDAQ:FORR) opened at $44.95 on Wednesday. Forrester Research, Inc. has a one year low of $34.95 and a one year high of $46.10. The stock has a market cap of $814.27, a PE ratio of 43.98, a price-to-earnings-growth ratio of 4.10 and a beta of 0.45.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Forrester Research had a net margin of 5.70% and a return on equity of 13.80%. The firm had revenue of $80.40 million during the quarter, compared to analyst estimates of $78.92 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. equities analysts forecast that Forrester Research, Inc. will post 0.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Tuesday, December 5th. Forrester Research’s payout ratio is currently 73.79%.

About Forrester Research

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

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