CRA International, Inc. (NASDAQ:CRAI) CEO Sells $398,740.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 2,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $199.37, for a total transaction of $398,740.00. Following the transaction, the chief executive officer now owns 153,806 shares in the company, valued at $30,664,302.22. The trade was a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CRA International Trading Up 1.6 %

Shares of CRAI stock opened at $193.15 on Friday. The company’s fifty day simple moving average is $187.89 and its 200-day simple moving average is $183.10. CRA International, Inc. has a 52 week low of $118.52 and a 52 week high of $214.01. The company has a market cap of $1.31 billion, a PE ratio of 28.66, a P/E/G ratio of 1.75 and a beta of 1.13.

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

CRA International Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRAI shares. Barrington Research increased their price target on shares of CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday, February 24th. StockNews.com downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

Institutional Investors Weigh In On CRA International

Several hedge funds and other institutional investors have recently modified their holdings of CRAI. Harbor Capital Advisors Inc. grew its position in shares of 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 buying an additional 86 shares during the last quarter. Farther Finance Advisors LLC boosted its stake 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 during the period. Foundry Partners LLC lifted its stake in shares of CRA International by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after acquiring an additional 180 shares during the period. MetLife Investment Management LLC raised its holdings in shares of CRA International by 6.7% during the fourth quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock valued at $745,000 after acquiring an additional 250 shares during the period. Finally, Quantbot Technologies LP bought a new stake in CRA International in the third quarter worth approximately $164,000. Institutional investors own 84.13% of the company’s stock.

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.