Forrester Research, Inc. (NASDAQ:FORR) Shares Bought by Legal & General Group Plc

Legal & General Group Plc boosted its position in Forrester Research, Inc. (NASDAQ:FORR) by 30.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,630 shares of the technology company’s stock after acquiring an additional 5,558 shares during the period. Legal & General Group Plc owned 0.13% of Forrester Research worth $977,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FORR. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Forrester Research in the first quarter worth $140,000. Principal Financial Group Inc. raised its stake in Forrester Research by 2.7% during the first quarter. Principal Financial Group Inc. now owns 80,746 shares of the technology company’s stock valued at $3,347,000 after purchasing an additional 2,112 shares in the last quarter. Citadel Advisors LLC raised its stake in Forrester Research by 45.5% during the first quarter. Citadel Advisors LLC now owns 34,201 shares of the technology company’s stock valued at $1,418,000 after purchasing an additional 10,700 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Forrester Research by 62.1% during the first quarter. Russell Investments Group Ltd. now owns 23,890 shares of the technology company’s stock valued at $990,000 after purchasing an additional 9,154 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Forrester Research by 5.3% during the first quarter. Bahl & Gaynor Inc. now owns 25,849 shares of the technology company’s stock valued at $1,071,000 after purchasing an additional 1,294 shares in the last quarter. 58.09% of the stock is owned by hedge funds and other institutional investors.

Forrester Research opened at $44.90 on Friday, MarketBeat.com reports. The firm has a market cap of $816.95 million, a P/E ratio of 68.49, a price-to-earnings-growth ratio of 4.01 and a beta of 0.47. Forrester Research, Inc. has a 52-week low of $36.95 and a 52-week high of $47.75.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Friday, July 27th. The technology company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.15. Forrester Research had a net margin of 3.51% and a return on equity of 8.68%. The business had revenue of $96.35 million for the quarter, compared to analysts’ expectations of $93.48 million. equities analysts forecast that Forrester Research, Inc. will post 0.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Tuesday, September 11th. Forrester Research’s dividend payout ratio (DPR) is 96.39%.

FORR has been the topic of a number of recent research reports. Barrington Research reaffirmed a “hold” rating on shares of Forrester Research in a research note on Friday, April 27th. BidaskClub raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. Finally, Zacks Investment Research downgraded shares of Forrester Research from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd.

About Forrester Research

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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Institutional Ownership by Quarter for Forrester Research (NASDAQ:FORR)

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