Forrester Research, Inc. (FORR) Shares Sold by Strs Ohio

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Strs Ohio reduced its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 12.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,014 shares of the technology company’s stock after selling 2,286 shares during the quarter. Strs Ohio owned 0.09% of Forrester Research worth $735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in Forrester Research in the 2nd quarter worth about $142,000. Louisiana State Employees Retirement System bought a new position in Forrester Research in the 3rd quarter worth about $207,000. Sun Life Financial INC bought a new position in Forrester Research in the 2nd quarter worth about $376,000. Vident Investment Advisory LLC increased its stake in Forrester Research by 54.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 9,088 shares of the technology company’s stock worth $381,000 after acquiring an additional 3,207 shares during the last quarter. Finally, Summit Global Investments bought a new position in Forrester Research in the 2nd quarter worth about $633,000. Institutional investors and hedge funds own 59.40% of the company’s stock.

A number of brokerages have weighed in on FORR. BidaskClub upgraded Forrester Research from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research upgraded Forrester Research from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Finally, Barrington Research reiterated a “hold” rating on shares of Forrester Research in a research report on Monday, July 30th.

In related news, insider Cliff Condon sold 5,253 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $45.00, for a total transaction of $236,385.00. Following the completion of the sale, the insider now directly owns 25,606 shares in the company, valued at approximately $1,152,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gretchen Teichgraeber sold 9,375 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $45.56, for a total value of $427,125.00. Following the sale, the director now owns 23,629 shares of the company’s stock, valued at $1,076,537.24. The disclosure for this sale can be found here. Insiders have sold a total of 17,267 shares of company stock worth $783,263 over the last quarter. Corporate insiders own 43.50% of the company’s stock.

Shares of Forrester Research stock opened at $41.47 on Wednesday. The stock has a market cap of $744.29 million, a PE ratio of 49.96, a PEG ratio of 3.69 and a beta of 0.54. Forrester Research, Inc. has a 12 month low of $36.19 and a 12 month high of $50.00.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $84.89 million for the quarter, compared to the consensus estimate of $83.52 million. Forrester Research had a net margin of 3.46% and a return on equity of 8.59%. On average, sell-side analysts anticipate that Forrester Research, Inc. will post 0.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Wednesday, December 12th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 11th. This represents a $0.80 annualized dividend and a dividend yield of 1.93%. Forrester Research’s dividend payout ratio (DPR) is presently 96.39%.

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Forrester Research Profile

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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

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