CRA International, Inc. (NASDAQ:CRAI) CEO Sells $398,740.00 in Stock

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) CEO Paul A. Maleh sold 2,000 shares of CRA International stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 153,806 shares in the company, valued at approximately $30,664,302.22. This represents a 1.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CRA International Stock Up 1.6 %

CRA International stock traded up $2.98 on Friday, hitting $193.15. The company's stock had a trading volume of 37,717 shares, compared to its average volume of 36,485. The firm has a market cap of $1.31 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The company has a fifty day moving average price of $187.89 and a 200-day moving average price of $183.46. CRA International, Inc. has a one year low of $118.52 and a one year high of $214.01.

CRA International (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.44. The firm had revenue of $176.44 million for the quarter, compared to analyst estimates of $166.29 million. CRA International had a net margin of 6.79% and a return on equity of 25.95%. Analysts anticipate that CRA International, Inc. will post 7.52 EPS for the current year.

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CRA International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.49 dividend. 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 dividend payout ratio is presently 29.08%.

Institutional Investors Weigh In On CRA International

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of CRA International by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider's stock valued at $28,268,000 after purchasing an additional 1,559 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of CRA International by 178.8% in 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 purchasing an additional 95,050 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of CRA International by 41.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider's stock valued at $13,699,000 after purchasing an additional 23,078 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of CRA International by 102.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,348 shares of the business services provider's stock valued at $938,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in shares of CRA International by 20.6% in the 3rd quarter. Martingale Asset Management L P now owns 8,535 shares of the business services provider's stock valued at $1,496,000 after purchasing an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 84.13% of the company's stock.

Wall Street Analysts Forecast Growth

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

CRA International Company 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.