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

Zacks has also assigned Forrester Research an industry rank of 174 out of 265 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Zacks Investment Research cut shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th.

In related news, Director George Hornig sold 11,530 shares of Forrester Research 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 sale, the director now directly owns 18,921 shares in the company, valued at approximately $882,097.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gretchen Teichgraeber sold 1,000 shares of Forrester Research 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 sale, the director now owns 8,770 shares in the company, valued at $394,650. The disclosure for this sale can be found here. Insiders have sold a total of 23,455 shares of company stock worth $1,085,922 over the last quarter. 44.30% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its stake in Forrester Research by 59.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,370 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Forrester Research by 65.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,105 shares of the technology company’s stock worth $214,000 after acquiring an additional 2,023 shares in the last quarter. QS Investors LLC raised its stake in Forrester Research by 9.7% during the 2nd quarter. QS Investors LLC now owns 6,130 shares of the technology company’s stock worth $240,000 after acquiring an additional 544 shares in the last quarter. Acadian Asset Management LLC raised its stake in Forrester Research by 90.5% during the 4th quarter. Acadian Asset Management LLC now owns 6,815 shares of the technology company’s stock worth $301,000 after acquiring an additional 3,238 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in Forrester Research during the 2nd quarter worth $307,000. Hedge funds and other institutional investors own 54.93% of the company’s stock.

Forrester Research (NASDAQ FORR) traded down $1.30 during trading on Friday, hitting $39.55. 43,869 shares of the stock traded hands, compared to its average volume of 40,423. The stock has a market cap of $734.28, a PE ratio of 47.65, a P/E/G ratio of 3.27 and a beta of 0.39. Forrester Research has a 1-year low of $34.95 and a 1-year high of $47.75.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The firm had revenue of $90.38 million for the quarter, compared to analysts’ expectations of $84.85 million. Forrester Research had a return on equity of 11.47% and a net margin of 4.48%. Forrester Research’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. analysts anticipate that Forrester Research will post 1.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.20 per share. This is a boost from Forrester Research’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, March 6th. Forrester Research’s payout ratio is 91.57%.

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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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