Shares of Forrester Research Inc. (NASDAQ:FORR) have earned an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Zacks has also assigned Forrester Research an industry rank of 174 out of 265 based on the ratings given to its competitors.
Several equities analysts have weighed in on FORR shares. Barrington Research restated a “market perform” rating on shares of Forrester Research in a report on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Forrester Research from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th.
Several large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Forrester Research by 5.7% in the first quarter. Wellington Management Group LLP now owns 1,970,732 shares of the company’s stock valued at $66,237,000 after buying an additional 105,534 shares in the last quarter. Bogle Investment Management L P DE purchased a new stake in Forrester Research during the first quarter valued at about $524,000. Cadence Capital Management LLC purchased a new stake in Forrester Research during the second quarter valued at about $406,000. Acadian Asset Management LLC purchased a new stake in Forrester Research during the second quarter valued at about $726,000. Finally, Geode Capital Management LLC boosted its stake in Forrester Research by 1.9% in the first quarter. Geode Capital Management LLC now owns 81,909 shares of the company’s stock valued at $2,752,000 after buying an additional 1,523 shares in the last quarter. 53.65% of the stock is currently owned by institutional investors.
Shares of Forrester Research (NASDAQ:FORR) opened at 38.90 on Tuesday. The company’s 50-day moving average is $40.41 and its 200 day moving average is $37.24. Forrester Research has a 52 week low of $27.05 and a 52 week high of $42.01. The stock has a market capitalization of $702.50 million, a P/E ratio of 45.71 and a beta of 0.54.
Forrester Research (NASDAQ:FORR) last posted its earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.13. Forrester Research had a net margin of 4.66% and a return on equity of 12.68%. The firm earned $87.80 million during the quarter, compared to the consensus estimate of $84.98 million. During the same period last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts forecast that Forrester Research will post $1.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, September 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Forrester Research’s dividend payout ratio is currently 86.75%.
About Forrester Research
Forrester Research, Inc (Forrester) is a global 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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