CRA International, Inc. (NASDAQ:CRAI - Get Free Report) Director Thomas Aiken Avery sold 1,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $199.05, for a total value of $199,050.00. Following the transaction, the director now owns 14,669 shares in the company, valued at $2,919,864.45. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
CRA International Price Performance
Shares of NASDAQ:CRAI traded up $2.98 during trading on Friday, reaching $193.15. 37,717 shares of the stock were exchanged, compared to its average volume of 36,485. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The stock has a fifty day moving average of $187.89 and a two-hundred day moving average of $183.46. CRA International, Inc. has a 1-year low of $118.52 and a 1-year high of $214.01.
CRA International (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 EPS 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 return on equity of 25.95% and a net margin of 6.79%. Sell-side analysts forecast that CRA International, Inc. will post 7.52 EPS for the current year.
CRA International Announces Dividend
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 payout ratio is 29.08%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. bought a new position in shares of CRA International during the 4th quarter worth $249,000. MetLife Investment Management LLC boosted its stake in CRA International by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider's stock worth $745,000 after purchasing an additional 250 shares during the period. United Capital Financial Advisors LLC bought a new position in CRA International in the 4th quarter worth about $9,389,000. Foundry Partners LLC boosted its stake in CRA International by 56.0% in the 4th quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider's stock worth $5,450,000 after purchasing an additional 10,455 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in CRA International in the 4th quarter worth about $281,000. Institutional investors own 84.13% of the company's stock.
Wall Street Analyst Weigh In
Separately, Barrington Research increased their price target on CRA International from $212.00 to $224.00 and gave the stock an "outperform" rating in a report on Monday, February 24th.
Check Out Our Latest Stock Report on CRAI
CRA International Company Profile
(
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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.
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