CRA International, Inc. (NASDAQ:CRAI) Director Sells $199,050.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $199.05, for a total value of $199,050.00. Following the completion of the transaction, the director now owns 14,669 shares of the company’s stock, valued at approximately $2,919,864.45. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

CRA International Stock Performance

Shares of CRAI stock opened at $193.15 on Friday. CRA International, Inc. has a 52-week low of $118.52 and a 52-week high of $214.01. The firm has a market capitalization of $1.31 billion, a P/E ratio of 28.66, a P/E/G ratio of 1.75 and a beta of 1.13. The stock has a 50 day moving average price of $187.89 and a 200 day moving average price of $183.10.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.44. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The firm had revenue of $176.44 million during the quarter, compared to analyst estimates of $166.29 million. As a group, sell-side analysts forecast that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, March 4th. CRA International’s dividend payout ratio (DPR) is presently 29.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com lowered CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barrington Research raised their price target on CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday, February 24th.

Institutional Investors Weigh In On CRA International

A number of institutional investors and hedge funds have recently bought and sold shares of CRAI. Quantbot Technologies LP bought a new stake in CRA International during the 3rd quarter valued at $164,000. Ameriprise Financial Inc. bought a new stake in CRA International during the 4th quarter valued at $249,000. KLP Kapitalforvaltning AS bought a new stake in CRA International during the 4th quarter valued at $281,000. Harbor Capital Advisors Inc. raised its position in CRA International by 2.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 86 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after purchasing an additional 108 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

CRA International Company Profile

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.