First Mercantile Trust Co. decreased its position in Forrester Research, Inc. (NASDAQ:FORR) by 26.4% in the 4th quarter, HoldingsChannel reports. The fund owned 4,874 shares of the technology company’s stock after selling 1,750 shares during the period. First Mercantile Trust Co.’s holdings in Forrester Research were worth $215,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan grew its position in Forrester Research by 59.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,660 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,370 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of 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 in the last quarter. QS Investors LLC grew its position in shares of Forrester Research by 9.7% during the second quarter. QS Investors LLC now owns 6,130 shares of the technology company’s stock worth $240,000 after buying an additional 544 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Forrester Research by 90.5% during the fourth quarter. Acadian Asset Management LLC now owns 6,815 shares of the technology company’s stock worth $301,000 after buying an additional 3,238 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Forrester Research during the second quarter worth approximately $307,000. 56.35% of the stock is owned by institutional investors.

In related news, CFO Michael A. Doyle sold 10,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $46.09, for a total transaction of $460,900.00. Following the transaction, the chief financial officer now directly owns 31,562 shares in the company, valued at $1,454,692.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Hornig sold 11,530 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $46.62, for a total value of $537,528.60. Following the transaction, the director now owns 18,921 shares in the company, valued at $882,097.02. The disclosure for this sale can be found here. Insiders have sold 23,455 shares of company stock worth $1,085,922 over the last 90 days. 44.30% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Forrester Research from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub downgraded shares of Forrester Research from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th.

Shares of Forrester Research, Inc. (NASDAQ FORR) opened at $40.45 on Wednesday. Forrester Research, Inc. has a 1 year low of $36.06 and a 1 year high of $47.75. The firm has a market cap of $718.10, a P/E ratio of 48.13, a PEG ratio of 3.14 and a beta of 0.39.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Forrester Research had a return on equity of 11.47% and a net margin of 4.48%. The company had revenue of $90.38 million for the quarter, compared to analyst estimates of $84.85 million. During the same period in the previous year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. research analysts anticipate that Forrester Research, Inc. will post 1.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, March 6th. This is a boost from Forrester Research’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.98%. Forrester Research’s dividend payout ratio (DPR) is 91.57%.

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Forrester Research Company Profile

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

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