Paul A. Maleh Sells 7,600 Shares of CRA International, Inc. (NASDAQ:CRAI) Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,600 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $192.50, for a total value of $1,463,000.00. Following the sale, the chief executive officer now owns 145,806 shares in the company, valued at approximately $28,067,655. The trade was a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CRA International Trading Up 1.6 %

NASDAQ:CRAI traded up $2.98 on Friday, hitting $193.15. 37,717 shares of the company’s stock traded hands, compared to its average volume of 36,485. The company has a market cap of $1.31 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. CRA International, Inc. has a 1 year low of $118.52 and a 1 year high of $214.01. The firm has a 50-day moving average price of $187.72 and a 200-day moving average price of $182.84.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.59 by $0.44. The business had revenue of $176.44 million during the quarter, compared to analysts’ expectations of $166.29 million. CRA International had a net margin of 6.79% and a return on equity of 25.95%. On average, research analysts forecast that CRA International, Inc. will post 7.52 EPS for the current fiscal year.

CRA International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Tuesday, March 4th. CRA International’s dividend payout ratio is currently 29.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barrington Research boosted their price target on shares of CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a report on Monday. StockNews.com cut shares of CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

Institutional Trading of CRA International

Several hedge funds and other institutional investors have recently modified their holdings of CRAI. Quantbot Technologies LP purchased a new position in CRA International in the third quarter valued at about $164,000. Ameriprise Financial Inc. acquired a new stake in shares of CRA International during the 4th quarter valued at about $249,000. KLP Kapitalforvaltning AS acquired a new stake in shares of CRA International during the 4th quarter valued at about $281,000. Harbor Capital Advisors Inc. grew its stake in shares of CRA International by 2.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock valued at $543,000 after buying an additional 86 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in CRA International by 3.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock worth $640,000 after buying an additional 108 shares during the last quarter. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

About CRA International

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.