BidaskClub upgraded shares of Forrester Research, Inc. (NASDAQ:FORR) from a hold rating to a buy rating in a research report report published on Friday.

Separately, Zacks Investment Research upgraded Forrester Research from a sell rating to a hold rating in a research report on Monday, August 14th.

Shares of Forrester Research (NASDAQ:FORR) opened at 40.60 on Friday. Forrester Research has a 12-month low of $34.95 and a 12-month high of $44.40. The company has a market cap of $719.96 million, a price-to-earnings ratio of 41.43 and a beta of 0.42. The company’s 50-day moving average is $40.17 and its 200-day moving average is $39.26.

Forrester Research (NASDAQ:FORR) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Forrester Research had a return on equity of 13.00% and a net margin of 5.49%. The firm had revenue of $89.70 million for the quarter, compared to analyst estimates of $87.51 million. During the same quarter last year, the firm posted $0.46 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that Forrester Research will post $1.18 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.87%. Forrester Research’s dividend payout ratio (DPR) is 77.55%.

In other Forrester Research news, Director Gretchen Teichgraeber sold 1,000 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $39.44, for a total value of $39,440.00. Following the transaction, the director now owns 11,270 shares in the company, valued at approximately $444,488.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Morhardt sold 2,880 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $38.70, for a total value of $111,456.00. Following the completion of the transaction, the insider now owns 5,176 shares in the company, valued at approximately $200,311.20. The disclosure for this sale can be found here. Insiders sold a total of 36,180 shares of company stock worth $1,462,012 in the last 90 days. 44.30% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its position in shares of Forrester Research by 1.2% in the first quarter. Wellington Management Group LLP now owns 1,993,642 shares of the technology company’s stock worth $79,247,000 after buying an additional 23,280 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Forrester Research by 4.8% in the second quarter. Vanguard Group Inc. now owns 961,242 shares of the technology company’s stock worth $37,633,000 after buying an additional 44,180 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Forrester Research by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 711,388 shares of the technology company’s stock worth $27,851,000 after buying an additional 6,447 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Forrester Research by 5.7% in the second quarter. Renaissance Technologies LLC now owns 585,600 shares of the technology company’s stock worth $22,926,000 after buying an additional 31,400 shares during the last quarter. Finally, State Street Corp raised its position in shares of Forrester Research by 5.3% in the second quarter. State Street Corp now owns 265,972 shares of the technology company’s stock worth $10,416,000 after buying an additional 13,450 shares during the last quarter. Institutional investors own 52.08% of the company’s stock.

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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