Prime Capital Investment Advisors LLC reduced its stake in shares of CRA International, Inc. (NASDAQ:CRAI - Free Report) by 38.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,065 shares of the business services provider's stock after selling 3,805 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.09% of CRA International worth $1,063,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CRAI. SG Americas Securities LLC acquired a new position in shares of CRA International in the 1st quarter valued at $115,000. Marshall Wace LLP acquired a new position in CRA International in the second quarter valued at $221,000. Arkadios Wealth Advisors raised its holdings in shares of CRA International by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider's stock valued at $517,000 after buying an additional 74 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of CRA International by 12.1% during the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider's stock worth $518,000 after buying an additional 324 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of CRA International by 13.6% during the second quarter. Farther Finance Advisors LLC now owns 3,280 shares of the business services provider's stock worth $549,000 after buying an additional 393 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CRAI has been the subject of a number of analyst reports. Barrington Research upped their price objective on shares of CRA International from $194.00 to $212.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. StockNews.com downgraded shares of CRA International from a "buy" rating to a "hold" rating in a research report on Friday, November 1st.
Get Our Latest Research Report on CRAI
CRA International Trading Down 1.6 %
Shares of NASDAQ:CRAI traded down $2.99 during midday trading on Friday, hitting $186.26. 21,087 shares of the stock were exchanged, compared to its average volume of 37,490. The stock has a market cap of $1.26 billion, a P/E ratio of 30.14, a PEG ratio of 1.75 and a beta of 1.13. CRA International, Inc. has a twelve month low of $92.07 and a twelve month high of $208.38. The company has a 50 day moving average price of $181.87 and a 200-day moving average price of $173.15.
CRA International (NASDAQ:CRAI - Get Free Report) last announced its earnings results on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.19. CRA International had a return on equity of 24.46% and a net margin of 6.41%. The firm had revenue of $167.75 million for the quarter, compared to analysts' expectations of $166.83 million. During the same quarter in the prior year, the firm earned $1.13 EPS. On average, equities research analysts expect that CRA International, Inc. will post 7.08 earnings per share for the current year.
CRA International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be given a dividend of $0.49 per share. This is a positive change from CRA International's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $1.96 annualized dividend and a yield of 1.05%. CRA International's dividend payout ratio is 31.72%.
Insiders Place Their Bets
In related news, CEO Paul A. Maleh sold 7,500 shares of the company's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the completion of the sale, the chief executive officer now directly owns 159,212 shares of the company's stock, valued at approximately $25,208,035.96. This represents a 4.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by insiders.
CRA International Company Profile
(
Free Report)
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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