CRA International (NASDAQ:CRAI) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of CRA International (NASDAQ:CRAI) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

CRA International Stock Performance

CRAI stock opened at $189.29 on Thursday. The firm’s fifty day moving average is $172.58 and its 200 day moving average is $168.26. The firm has a market cap of $1.31 billion, a PE ratio of 30.93, a P/E/G ratio of 1.66 and a beta of 1.14. CRA International has a one year low of $81.29 and a one year high of $198.02.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, August 1st. The business services provider reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.34. The firm had revenue of $171.44 million for the quarter, compared to analysts’ expectations of $167.87 million. CRA International had a return on equity of 22.37% and a net margin of 6.17%. During the same period last year, the firm earned $1.42 EPS. Research analysts predict that CRA International will post 6.93 earnings per share for the current fiscal year.

CRA International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.89%. CRA International’s dividend payout ratio (DPR) is 27.45%.

Insider Buying and Selling

In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $155.21, for a total transaction of $155,210.00. Following the transaction, the chief financial officer now directly owns 11,624 shares of the company’s stock, valued at $1,804,161.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total transaction of $155,210.00. Following the completion of the transaction, the chief financial officer now owns 11,624 shares of the company’s stock, valued at $1,804,161.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,250 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.26, for a total value of $197,825.00. Following the completion of the transaction, the executive vice president now owns 20,361 shares in the company, valued at $3,222,331.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,750 shares of company stock valued at $1,695,720. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CRA International

A number of large investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors increased its holdings in shares of CRA International by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after buying an additional 74 shares during the last quarter. Kennedy Capital Management LLC raised its position in CRA International by 3.6% in the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock valued at $497,000 after purchasing an additional 117 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of CRA International by 12.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 324 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of CRA International by 13.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,280 shares of the business services provider’s stock worth $549,000 after purchasing an additional 393 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of CRA International during the 1st quarter worth about $115,000. 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.