CRA International, Inc. (NASDAQ:CRAI - Get Free Report) CFO Daniel K. Mahoney sold 1,000 shares of CRA International stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $185.80, for a total value of $185,800.00. Following the transaction, the chief financial officer now owns 12,153 shares in the company, valued at approximately $2,258,027.40. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
CRA International Trading Down 3.0 %
NASDAQ:CRAI traded down $5.35 during trading hours on Friday, hitting $172.33. 58,365 shares of the stock traded hands, compared to its average volume of 37,437. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.75 and a beta of 1.09. The firm has a 50 day moving average price of $187.22 and a 200 day moving average price of $184.68. CRA International, Inc. has a fifty-two week low of $133.54 and a fifty-two week high of $214.01.
CRA International (NASDAQ:CRAI - Get Free Report) last issued its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.44. The company had revenue of $176.44 million for the quarter, compared to the consensus estimate of $166.29 million. CRA International had a return on equity of 25.95% and a net margin of 6.79%. Research analysts predict that CRA International, Inc. will post 7.52 EPS for the current year.
CRA International Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, March 4th. CRA International's dividend payout ratio (DPR) is currently 29.08%.
Wall Street Analysts Forecast Growth
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 report on Monday, February 24th.
Read Our Latest Analysis on CRA International
Hedge Funds Weigh In On CRA International
Hedge funds have recently modified their holdings of the stock. Foundry Partners LLC boosted its position in CRA International by 1.0% during the third quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider's stock valued at $3,271,000 after purchasing an additional 180 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of CRA International by 178.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider's stock valued at $25,986,000 after buying an additional 95,050 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of CRA International in the 3rd quarter valued at approximately $164,000. BNP Paribas Financial Markets increased its holdings in 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 worth $938,000 after buying an additional 2,700 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in CRA International by 20.6% during 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 in the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.
About CRA International
(
Get 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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