According to Zacks, “Forrester Research, Inc. is a leading independent Internet research firm that conducts research and analysis on the impact of the Internet and emerging technologies on business strategy, consumer behavior and society. The company provide clients with a comprehensive and integrated perspective on technology and business, which we call the Whole View of Internet commerce. The company’s Whole View approach helps companies evolve their business models and infrastructure to embrace broader on-line markets and to scale their Internet operations. “
Separately, Barrington Research reiterated a market perform rating on shares of Forrester Research in a report on Wednesday, June 22nd.
Shares of Forrester Research (NASDAQ:FORR) traded down 0.23% during midday trading on Tuesday, reaching $38.41. The company had a trading volume of 207 shares. The stock has a market capitalization of $693.65 million, a price-to-earnings ratio of 45.14 and a beta of 0.56. Forrester Research has a 1-year low of $27.05 and a 1-year high of $42.01. The firm’s 50 day moving average price is $40.31 and its 200-day moving average price is $37.42.
Forrester Research (NASDAQ:FORR) last issued its earnings results on Wednesday, July 27th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.13. The business earned $87.80 million during the quarter, compared to analyst estimates of $84.98 million. Forrester Research had a return on equity of 12.68% and a net margin of 4.66%. Forrester Research’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Equities research analysts expect that Forrester Research will post $1.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were issued a $0.18 dividend. The ex-dividend date was Friday, September 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.87%. Forrester Research’s dividend payout ratio is presently 86.75%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. increased its position in shares of Forrester Research by 3.2% in the first quarter. Prudential Financial Inc. now owns 29,306 shares of the company’s stock worth $985,000 after buying an additional 900 shares in the last quarter. Huntington Asset Advisors Inc. bought a new position in shares of Forrester Research during the first quarter worth about $534,000. Geode Capital Management LLC increased its position in shares of Forrester Research by 1.9% in the first quarter. Geode Capital Management LLC now owns 81,909 shares of the company’s stock worth $2,752,000 after buying an additional 1,523 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Forrester Research by 5.7% in the first quarter. Wellington Management Group LLP now owns 1,970,732 shares of the company’s stock worth $66,237,000 after buying an additional 105,534 shares in the last quarter. Finally, Bogle Investment Management L P DE bought a new position in shares of Forrester Research during the first quarter worth about $524,000. Institutional investors and hedge funds own 53.65% of the company’s stock.
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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