CRA International (NASDAQ:CRAI) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $167.51 and traded as high as $189.79. CRA International shares last traded at $189.78, with a volume of 16,892 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CRA International from a "buy" rating to a "hold" rating in a research note on Thursday.

CRA International Trading Down 0.5 %

The company has a fifty day simple moving average of $171.43 and a two-hundred day simple moving average of $167.67. The company has a market cap of $1.31 billion, a PE ratio of 30.84, a P/E/G ratio of 1.66 and a beta of 1.14.

CRA International (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.34. CRA International had a return on equity of 22.37% and a net margin of 6.17%. The company had revenue of $171.44 million for the quarter, compared to the consensus estimate of $167.87 million. During the same quarter in the prior year, the business earned $1.42 EPS. On average, research analysts anticipate that CRA International, Inc. will post 6.93 EPS for the current fiscal year.

CRA International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $1.68 annualized dividend and a yield of 0.89%. CRA International's dividend payout ratio (DPR) is 27.45%.

Insiders Place Their Bets

In other news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $155.21, for a total value of $155,210.00. Following the transaction, the chief financial officer now owns 11,624 shares in the company, valued at approximately $1,804,161.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $158.33, for a total value of $1,187,475.00. Following the transaction, the chief executive officer now owns 159,212 shares in the company, valued at approximately $25,208,035.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $155.21, for a total value of $155,210.00. Following the completion of the transaction, the chief financial officer now owns 11,624 shares in the company, valued at approximately $1,804,161.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,750 shares of company stock worth $1,695,720 in the last quarter. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of CRA International in the 1st quarter valued at about $115,000. Russell Investments Group Ltd. boosted its position in shares of CRA International by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider's stock valued at $1,590,000 after purchasing an additional 1,912 shares during the period. Isthmus Partners LLC boosted its position in shares of CRA International by 55.3% in the 1st quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider's stock valued at $4,289,000 after purchasing an additional 10,213 shares during the period. Dearborn Partners LLC boosted its position in shares of CRA International by 22.2% in the 1st quarter. Dearborn Partners LLC now owns 9,673 shares of the business services provider's stock valued at $1,447,000 after purchasing an additional 1,757 shares during the period. Finally, Kennedy Capital Management LLC boosted its position in shares of CRA International by 3.6% in the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider's stock valued at $497,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 84.13% of the company's stock.

About CRA International

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.