Forrester Research, Inc. (NASDAQ:FORR) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Zacks has also assigned Forrester Research an industry rank of 123 out of 265 based on the ratings given to related companies.

A number of research firms have weighed in on FORR. Zacks Investment Research raised shares of Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Monday, October 30th. BidaskClub lowered shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th.

Forrester Research (NASDAQ:FORR) opened at $42.10 on Friday. The firm has a market cap of $756.75, a price-to-earnings ratio of 50.72, a price-to-earnings-growth ratio of 3.31 and a beta of 0.39. Forrester Research has a 52-week low of $36.06 and a 52-week high of $47.75.

Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The firm had revenue of $90.38 million for the quarter, compared to analyst estimates of $84.85 million. Forrester Research had a return on equity of 11.47% and a net margin of 4.48%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. equities research analysts anticipate that Forrester Research will post 1.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.20 per share. This is a positive change from Forrester Research’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.90%. Forrester Research’s payout ratio is currently 91.57%.

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 completion of the transaction, the director now owns 18,921 shares of the company’s stock, valued at approximately $882,097.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gretchen Teichgraeber sold 1,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the director now directly owns 8,770 shares of the company’s stock, valued at approximately $394,650. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,455 shares of company stock valued at $1,085,922. Company insiders own 44.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its position in shares of Forrester Research by 0.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 38,685 shares of the technology company’s stock valued at $1,515,000 after buying an additional 171 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Forrester Research by 3.5% during 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 during the last quarter. Teachers Advisors LLC raised its position in shares of Forrester Research by 3.2% during the second quarter. Teachers Advisors LLC now owns 17,494 shares of the technology company’s stock valued at $685,000 after buying an additional 536 shares during the last quarter. QS Investors LLC raised its position in shares of Forrester Research by 9.7% during 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 during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Forrester Research by 3.9% during the second quarter. Voya Investment Management LLC now owns 18,967 shares of the technology company’s stock valued at $743,000 after buying an additional 720 shares during the last quarter. 56.35% of the stock is owned by institutional investors and hedge funds.

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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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