New York State Common Retirement Fund raised its stake in Forrester Research, Inc. (NASDAQ:FORR) by 38.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,500 shares of the technology company’s stock after buying an additional 4,600 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Forrester Research worth $691,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of FORR. BNP Paribas Arbitrage SA increased its holdings in shares of Forrester Research by 51.7% in the second quarter. BNP Paribas Arbitrage SA now owns 3,082 shares of the technology company’s stock valued at $121,000 after buying an additional 1,051 shares in the last quarter. QS Investors LLC increased its holdings in shares of Forrester Research by 9.7% in the second quarter. QS Investors LLC now owns 6,130 shares of the technology company’s stock valued at $240,000 after buying an additional 544 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Forrester Research in the second quarter valued at $307,000. GSA Capital Partners LLP bought a new position in shares of Forrester Research in the second quarter valued at $318,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Forrester Research by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,211 shares of the technology company’s stock valued at $322,000 after buying an additional 277 shares in the last quarter. 54.27% of the stock is currently owned by institutional investors.
In other Forrester Research news, Director George Hornig sold 11,530 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $46.62, for a total transaction of $537,528.60. Following the sale, the director now directly owns 18,921 shares of the company’s stock, valued at approximately $882,097.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott Chouinard sold 887 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.25, for a total transaction of $39,249.75. Following the sale, the insider now directly owns 2,261 shares in the company, valued at $100,049.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,722 shares of company stock worth $1,142,617. Company insiders own 44.30% of the company’s stock.
Shares of Forrester Research, Inc. (NASDAQ:FORR) opened at $43.95 on Friday. Forrester Research, Inc. has a one year low of $34.95 and a one year high of $47.75. The stock has a market cap of $794.49, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46.
Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $80.40 million for the quarter, compared to the consensus estimate of $78.92 million. During the same period in the previous year, the business earned $0.32 EPS. The company’s revenue was up 3.9% on a year-over-year basis. equities research analysts anticipate that Forrester Research, Inc. will post 0.92 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Tuesday, December 5th. Forrester Research’s dividend payout ratio (DPR) is currently 73.79%.
Several brokerages have issued reports on FORR. Zacks Investment Research downgraded shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub downgraded shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th.
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Forrester Research 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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