Ballentine Partners LLC Has $20.93 Million Holdings in Forrester Research, Inc. (FORR)
Ballentine Partners LLC boosted its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 100.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 500,037 shares of the technology company’s stock after buying an additional 250,000 shares during the quarter. Forrester Research comprises 1.2% of Ballentine Partners LLC’s portfolio, making the stock its 17th biggest holding. Ballentine Partners LLC owned 2.82% of Forrester Research worth $20,927,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. BNP Paribas Arbitrage SA increased its position in Forrester Research by 65.6% during the third quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the technology company’s stock worth $214,000 after buying an additional 2,023 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in 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 worth $322,000 after buying an additional 277 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Forrester Research during the second quarter worth $307,000. State Street Corp increased its position in Forrester Research by 5.3% during 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. Finally, Tudor Investment Corp ET AL increased its position in Forrester Research by 27.0% during the second quarter. Tudor Investment Corp ET AL now owns 8,527 shares of the technology company’s stock worth $334,000 after buying an additional 1,812 shares during the last quarter. 51.99% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, insider Scott Chouinard sold 887 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $44.25, for a total value of $39,249.75. Following the completion of the sale, the insider now owns 2,261 shares in the company, valued at $100,049.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gretchen Teichgraeber sold 6,250 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $41.00, for a total transaction of $256,250.00. Following the completion of the sale, the director now owns 16,020 shares of the company’s stock, valued at approximately $656,820. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,163 shares of company stock valued at $1,774,203. 44.30% of the stock is owned by corporate insiders.
Several equities research analysts have recently issued reports on FORR shares. BidaskClub downgraded Forrester Research from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised Forrester Research from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Monday, October 30th.
Shares of Forrester Research, Inc. (FORR) traded up $0.20 during trading hours on Friday, hitting $44.95. The stock had a trading volume of 21,600 shares, compared to its average volume of 34,909. The firm has a market capitalization of $807.98, a P/E ratio of 43.64, a P/E/G ratio of 4.07 and a beta of 0.45. Forrester Research, Inc. has a 12 month low of $34.95 and a 12 month high of $46.10.
Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, October 25th. The technology company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $80.40 million during the quarter, compared to analysts’ expectations of $78.92 million. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. equities analysts expect that Forrester Research, Inc. will post 0.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, December 6th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Tuesday, December 5th. Forrester Research’s payout ratio is presently 73.79%.
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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