Swiss National Bank maintained its stake in Forrester Research Inc. (NASDAQ:FORR) during the second quarter, Holdings Channel reports. The institutional investor owned 14,850 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.08% of Forrester Research worth $547,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. GW&K Investment Management LLC increased its stake in Forrester Research by 30.6% in the second quarter. GW&K Investment Management LLC now owns 108,923 shares of the company’s stock worth $4,015,000 after buying an additional 25,550 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Forrester Research during the second quarter worth approximately $726,000. BNP Paribas Arbitrage SA increased its stake in Forrester Research by 114.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,088 shares of the company’s stock worth $114,000 after buying an additional 1,648 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Forrester Research by 4.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 8,641 shares of the company’s stock worth $290,000 after buying an additional 404 shares during the last quarter. Finally, Bogle Investment Management L P DE purchased a new stake in Forrester Research during the first quarter worth approximately $524,000. Institutional investors own 53.65% of the company’s stock.
Shares of Forrester Research Inc. (NASDAQ:FORR) traded down 0.21% during mid-day trading on Friday, hitting $37.96. The stock had a trading volume of 211,637 shares. The company has a 50 day moving average price of $39.89 and a 200 day moving average price of $37.61. Forrester Research Inc. has a 12-month low of $27.05 and a 12-month high of $42.01. The firm has a market cap of $685.52 million, a P/E ratio of 44.61 and a beta of 0.56.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The business had revenue of $87.80 million for the quarter, compared to analysts’ expectations of $84.98 million. Forrester Research had a return on equity of 12.68% and a net margin of 4.66%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. Equities analysts forecast that Forrester Research Inc. will post $1.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, September 2nd. Forrester Research’s dividend payout ratio is currently 86.75%.
FORR has been the topic of several recent research reports. Zacks Investment Research downgraded Forrester Research from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Barrington Research restated a “market perform” rating on shares of Forrester Research in a research report on Wednesday, June 22nd.
Forrester Research Company Profile
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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