Martingale Asset Management L P raised its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 2.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 42,304 shares of the technology company’s stock after purchasing an additional 1,000 shares during the period. Martingale Asset Management L P owned 0.23% of Forrester Research worth $1,942,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Forrester Research during the 2nd quarter valued at about $142,000. Louisiana State Employees Retirement System bought a new stake in shares of Forrester Research in the 3rd quarter valued at about $207,000. Vident Investment Advisory LLC boosted its holdings in shares of Forrester Research by 54.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 9,088 shares of the technology company’s stock valued at $381,000 after buying an additional 3,207 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of Forrester Research by 47.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 8,543 shares of the technology company’s stock valued at $392,000 after buying an additional 2,761 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Forrester Research by 16.2% in the 2nd quarter. Swiss National Bank now owns 17,250 shares of the technology company’s stock valued at $724,000 after buying an additional 2,400 shares in the last quarter. 58.62% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. BidaskClub cut shares of Forrester Research from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Wednesday, November 7th. Finally, Barrington Research restated a “hold” rating on shares of Forrester Research in a report on Thursday, November 29th.
FORR stock opened at $42.60 on Monday. The company has a market capitalization of $797.95 million, a P/E ratio of 51.33, a P/E/G ratio of 3.01 and a beta of 0.57. Forrester Research, Inc. has a 52 week low of $36.19 and a 52 week high of $50.00.
Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, October 24th. The technology company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $84.89 million during the quarter, compared to analyst estimates of $83.52 million. Forrester Research had a return on equity of 8.50% and a net margin of 3.46%. Analysts anticipate that Forrester Research, Inc. will post 0.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 26th. Investors of record on Wednesday, December 12th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, December 11th. Forrester Research’s dividend payout ratio (DPR) is presently 96.39%.
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Forrester Research Company 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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