CRA International, Inc. (NASDAQ:CRAI) Stock Holdings Lifted by Foundry Partners LLC

Foundry Partners LLC boosted its stake in shares of CRA International, Inc. (NASDAQ:CRAI - Free Report) by 56.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 29,115 shares of the business services provider's stock after acquiring an additional 10,455 shares during the period. Foundry Partners LLC owned about 0.43% of CRA International worth $5,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of CRA International in the third quarter valued at approximately $164,000. KLP Kapitalforvaltning AS purchased a new stake in shares of CRA International in the 4th quarter valued at approximately $281,000. Harbor Capital Advisors Inc. increased its stake in CRA International by 4.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider's stock worth $607,000 after acquiring an additional 150 shares during the last quarter. Farther Finance Advisors LLC raised its position in CRA International by 3.3% in the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider's stock valued at $640,000 after purchasing an additional 108 shares during the period. Finally, Summit Global Investments acquired a new position in shares of CRA International in the 4th quarter valued at $656,000. 84.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Daniel K. Mahoney sold 1,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $185.80, for a total value of $185,800.00. Following the completion of the sale, the chief financial officer now owns 12,153 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, CEO Paul A. Maleh sold 2,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $199.37, for a total transaction of $398,740.00. Following the completion of the sale, the chief executive officer now directly owns 153,806 shares in the company, valued at approximately $30,664,302.22. The trade was a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,850 shares of company stock valued at $3,902,083. Insiders own 5.20% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Barrington Research boosted their price objective on shares of CRA International from $212.00 to $224.00 and gave the company an "outperform" rating in a report on Monday, February 24th.

CRA International Trading Down 3.1 %

CRA International stock traded down $5.26 during trading on Thursday, hitting $165.34. The company had a trading volume of 10,908 shares, compared to its average volume of 38,984. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.75 and a beta of 0.96. CRA International, Inc. has a 1-year low of $133.54 and a 1-year high of $214.01. The company's 50 day simple moving average is $182.78 and its 200-day simple moving average is $185.88.

CRA International (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings data 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. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The business had revenue of $176.44 million during the quarter, compared to analysts' expectations of $166.29 million. As a group, analysts forecast that CRA International, Inc. will post 7.52 earnings per share for the current fiscal year.

CRA International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.96 dividend on an annualized basis and a yield of 1.19%. CRA International's dividend payout ratio is presently 29.08%.

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.