Forrester Research, Inc. (NASDAQ:FORR) Director Gretchen Teichgraeber sold 1,000 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $39.44, for a total value of $39,440.00. Following the sale, the director now directly owns 11,270 shares of the company’s stock, valued at approximately $444,488.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Forrester Research, Inc. (FORR) traded down 0.51% during trading on Monday, hitting $39.30. The stock had a trading volume of 30,661 shares. Forrester Research, Inc. has a 52-week low of $34.95 and a 52-week high of $44.40. The firm’s 50-day moving average price is $39.39 and its 200-day moving average price is $39.88. The company has a market cap of $697.10 million, a price-to-earnings ratio of 37.25 and a beta of 0.43.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Wednesday, April 26th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. Forrester Research had a return on equity of 13.85% and a net margin of 5.95%. The company had revenue of $77.20 million for the quarter, compared to analysts’ expectations of $76.38 million. During the same period in the previous year, the firm posted $0.18 EPS. Forrester Research’s revenue was down .3% compared to the same quarter last year. Analysts predict that Forrester Research, Inc. will post $1.17 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Forrester Research (NASDAQ:FORR)

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Investors of record on Wednesday, June 7th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.93%. The ex-dividend date is Monday, June 5th. Forrester Research’s payout ratio is 72.38%.

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A number of large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Forrester Research during the fourth quarter valued at about $10,997,000. Vanguard Group Inc. boosted its stake in Forrester Research by 4.0% in the first quarter. Vanguard Group Inc. now owns 917,062 shares of the technology company’s stock valued at $36,453,000 after buying an additional 35,510 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Forrester Research by 16.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 239,637 shares of the technology company’s stock valued at $9,526,000 after buying an additional 34,540 shares during the last quarter. Arrowpoint Asset Management LLC boosted its stake in Forrester Research by 35.2% in the fourth quarter. Arrowpoint Asset Management LLC now owns 127,216 shares of the technology company’s stock valued at $5,464,000 after buying an additional 33,094 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in Forrester Research during the fourth quarter valued at about $1,007,000. Institutional investors own 54.04% of the company’s stock.

Separately, Zacks Investment Research raised Forrester Research from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th.

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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