Dearborn Partners LLC Sells 4,072 Shares of CRA International, Inc. (NASDAQ:CRAI)

Dearborn Partners LLC trimmed its position in CRA International, Inc. (NASDAQ:CRAI - Free Report) by 42.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,543 shares of the business services provider's stock after selling 4,072 shares during the quarter. Dearborn Partners LLC owned 0.08% of CRA International worth $972,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in shares of CRA International by 2.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider's stock worth $543,000 after acquiring an additional 86 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of CRA International by 48.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,460 shares of the business services provider's stock worth $782,000 after buying an additional 1,460 shares in the last quarter. SG Americas Securities LLC acquired a new stake in CRA International in the third quarter valued at about $573,000. Marshall Wace LLP bought a new position in CRA International in the second quarter valued at about $221,000. Finally, Prime Capital Investment Advisors LLC grew its position in CRA International by 34.9% in the second quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider's stock valued at $1,700,000 after acquiring an additional 2,551 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CRAI shares. Barrington Research increased their price objective on shares of CRA International from $194.00 to $212.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. StockNews.com lowered CRA International from a "buy" rating to a "hold" rating in a research report on Friday, November 1st.

CRA International Price Performance

Shares of CRA International stock traded down $2.18 during trading on Friday, reaching $187.07. 13,381 shares of the company traded hands, compared to its average volume of 37,444. The firm has a market capitalization of $1.27 billion, a PE ratio of 30.62, a P/E/G ratio of 1.75 and a beta of 1.13. The company has a 50 day moving average price of $181.32 and a 200-day moving average price of $172.88. CRA International, Inc. has a 1-year low of $92.07 and a 1-year high of $208.38.

CRA International (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share (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 business had revenue of $167.75 million during the quarter, compared to the consensus estimate of $166.83 million. During the same quarter in the previous year, the business earned $1.13 EPS. 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.49 per share. This is a boost 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 dividend on an annualized basis and a yield of 1.05%. CRA International's dividend payout ratio is 31.72%.

Insiders Place Their Bets

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the completion of the sale, the chief executive officer now directly owns 159,212 shares in the company, valued at $25,208,035.96. This trade represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.20% of the company's stock.

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.