Insider Selling: CRA International, Inc. (NASDAQ:CRAI) CEO Sells 7,600 Shares of Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,600 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $192.50, for a total value of $1,463,000.00. Following the transaction, the chief executive officer now owns 145,806 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink.

CRA International Price Performance

Shares of CRAI stock opened at $193.15 on Monday. The company 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 company’s 50-day simple moving average is $187.89 and its two-hundred day simple moving average is $183.46. CRA International, Inc. has a one year low of $118.52 and a one year high of $214.01.

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

CRA International Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Trading of CRA International

A number of hedge funds have recently added to or reduced their stakes in CRAI. Geode Capital Management LLC increased its position in CRA International by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider’s stock valued at $28,268,000 after purchasing an additional 1,559 shares during the period. Eagle Asset Management Inc. lifted its position in shares of CRA International by 178.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider’s stock worth $25,986,000 after purchasing an additional 95,050 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of CRA International by 41.9% during the third quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider’s stock valued at $13,699,000 after purchasing an additional 23,078 shares in the last quarter. United Capital Financial Advisors LLC purchased a new position in CRA International during the fourth quarter valued at approximately $9,389,000. Finally, Foundry Partners LLC increased its holdings in CRA International by 56.0% during the fourth quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock valued at $5,450,000 after buying an additional 10,455 shares during the period. 84.13% of the stock is owned by hedge funds and other 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.