Daniel K. Mahoney Sells 1,000 Shares of CRA International, Inc. (NASDAQ:CRAI) Stock

CRA International, Inc. (NASDAQ:CRAI) CFO Daniel K. Mahoney sold 1,000 shares of CRA International stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $185.80, for a total transaction of $185,800.00. Following the completion of the sale, the chief financial officer now directly owns 12,153 shares of the company’s stock, valued at approximately $2,258,027.40. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

CRA International Trading Down 6.3 %

CRAI stock traded down $11.78 during midday trading on Monday, reaching $174.28. 38,023 shares of the company’s stock traded hands, compared to its average volume of 36,837. CRA International, Inc. has a 52-week low of $133.54 and a 52-week high of $214.01. The stock has a market cap of $1.18 billion, a P/E ratio of 25.86, a PEG ratio of 1.75 and a beta of 1.09. The stock’s 50-day moving average is $187.81 and its 200 day moving average is $184.55.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings data 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. 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, research analysts expect that CRA International, Inc. will post 7.52 EPS for the current fiscal year.

CRA International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, March 4th. CRA International’s dividend payout ratio (DPR) is currently 29.08%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRAI. Farther Finance Advisors LLC increased its holdings in CRA International by 3.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock worth $640,000 after acquiring an additional 108 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of CRA International by 4.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider’s stock worth $607,000 after purchasing an additional 150 shares during the period. Foundry Partners LLC increased its stake in shares of CRA International by 1.0% in the third quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after purchasing an additional 180 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of CRA International by 6.7% during the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock valued at $745,000 after purchasing an additional 250 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of CRA International during the 3rd quarter valued at $164,000. 84.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research boosted their price target on CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, February 24th.

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.