Forrester Research, Inc. (FORR) Declares $0.19 Quarterly Dividend
Forrester Research, Inc. (NASDAQ:FORR) announced a quarterly dividend on Wednesday, July 26th, Zacks reports. Stockholders of record on Wednesday, September 6th will be given a dividend of 0.19 per share by the technology company on Wednesday, September 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, September 5th.
Forrester Research (FORR) traded up 0.781% during midday trading on Thursday, hitting $41.925. 23,010 shares of the stock were exchanged. The stock has a market cap of $743.67 million, a P/E ratio of 39.739 and a beta of 0.41. The firm has a 50-day moving average price of $39.74 and a 200-day moving average price of $39.42. Forrester Research has a one year low of $34.95 and a one year high of $44.40.
Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Forrester Research had a return on equity of 13.85% and a net margin of 5.95%. The business had revenue of $89.70 million during the quarter, compared to analysts’ expectations of $87.51 million. During the same quarter last year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Forrester Research will post $1.17 EPS for the current fiscal year.
In other news, insider Steven P. Peltzman sold 18,595 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $40.02, for a total value of $744,171.90. Following the completion of the transaction, the insider now owns 12,418 shares in the company, valued at $496,968.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Scott Chouinard sold 1,141 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $39.80, for a total value of $45,411.80. Following the completion of the transaction, the insider now owns 3,047 shares of the company’s stock, valued at approximately $121,270.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,487 shares of company stock valued at $2,291,454. Company insiders own 46.60% of the company’s stock.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded Forrester Research from a “buy” rating to a “strong-buy” rating in a research report on Monday. Zacks Investment Research upgraded Forrester Research from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th.
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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