Kennedy Capital Management LLC Sells 1,594 Shares of CRA International, Inc. (NASDAQ:CRAI)

Kennedy Capital Management LLC lowered its position in shares of CRA International, Inc. (NASDAQ:CRAI - Free Report) by 40.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,372 shares of the business services provider's stock after selling 1,594 shares during the quarter. Kennedy Capital Management LLC's holdings in CRA International were worth $444,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CRAI. Geode Capital Management LLC boosted its position in shares of CRA International by 1.0% during the third quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider's stock worth $28,268,000 after purchasing an additional 1,559 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of CRA International by 41.9% during the third quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider's stock worth $13,699,000 after purchasing an additional 23,078 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of CRA International by 4.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider's stock valued at $607,000 after purchasing an additional 150 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of CRA International by 3.3% during the 4th 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 in the last quarter. Finally, Summit Global Investments acquired a new position in shares of CRA International in the 4th quarter valued at approximately $656,000. Institutional investors own 84.13% of the company's stock.

CRA International Price Performance

Shares of CRAI traded up $0.73 during midday trading on Monday, hitting $163.47. The stock had a trading volume of 12,208 shares, compared to its average volume of 39,035. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 1.75 and a beta of 0.96. The company has a 50 day simple moving average of $179.72 and a two-hundred day simple moving average of $185.78. CRA International, Inc. has a twelve month low of $133.54 and a twelve month high of $214.01.

CRA International (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, topping 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 firm had revenue of $176.44 million during the quarter, compared to the consensus estimate of $166.29 million. Analysts forecast that CRA International, Inc. will post 7.52 EPS for the current fiscal year.

CRA International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Tuesday, March 4th. CRA International's payout ratio is 29.08%.

Analyst Ratings Changes

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

Insider Activity at CRA International

In related news, Director Thomas Aiken Avery sold 1,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $199.05, for a total transaction of $199,050.00. Following the transaction, the director now directly owns 14,669 shares of the company's stock, valued at approximately $2,919,864.45. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $176.28, for a total transaction of $1,322,100.00. Following the completion of the transaction, the chief executive officer now directly owns 142,022 shares in the company, valued at $25,035,638.16. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,850 shares of company stock valued at $3,902,083. 5.20% of the stock is owned by insiders.

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.