Bank of New York Mellon Corp Decreases Stock Holdings in CRA International, Inc. (NASDAQ:CRAI)

Bank of New York Mellon Corp lessened its holdings in shares of CRA International, Inc. (NASDAQ:CRAI - Free Report) by 13.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,427 shares of the business services provider's stock after selling 7,380 shares during the quarter. Bank of New York Mellon Corp owned about 0.71% of CRA International worth $9,066,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. 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 valued at $607,000 after acquiring an additional 150 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of CRA International by 41.9% in 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 acquiring an additional 23,078 shares during the period. Geode Capital Management LLC boosted its position in shares of CRA International by 1.0% in the third quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider's stock valued at $28,268,000 after acquiring an additional 1,559 shares during the period. Martingale Asset Management L P boosted its position in shares of CRA International by 20.6% in the third quarter. Martingale Asset Management L P now owns 8,535 shares of the business services provider's stock valued at $1,496,000 after acquiring an additional 1,460 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of CRA International by 102.0% in the third quarter. BNP Paribas Financial Markets now owns 5,348 shares of the business services provider's stock valued at $938,000 after acquiring an additional 2,700 shares during the period. 84.13% of the stock is currently owned by institutional investors.

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CRA International Stock Performance

CRA International stock traded up $2.33 during mid-day trading on Tuesday, hitting $177.00. 52,166 shares of the company traded hands, compared to its average volume of 37,400. CRA International, Inc. has a one year low of $133.54 and a one year high of $214.01. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. The stock has a fifty day moving average price of $187.03 and a 200-day moving average price of $185.04.

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

CRA International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Tuesday, March 4th. CRA International's dividend payout ratio (DPR) is presently 29.08%.

Insiders Place Their Bets

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $176.28, for a total transaction of $1,322,100.00. Following the transaction, the chief executive officer now directly owns 142,022 shares of the company's stock, valued at approximately $25,035,638.16. This trade represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $199,050.00. Following the transaction, the director now directly owns 14,669 shares in the company, valued at $2,919,864.45. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,850 shares of company stock valued at $3,902,083. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lifted their target price 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.

CRA International 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.