CRA International (NASDAQ:CRAI - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.
CRA International Trading Up 2.2 %
Shares of NASDAQ CRAI traded up $4.02 during midday trading on Friday, hitting $186.16. 61,417 shares of the company's stock were exchanged, compared to its average volume of 37,776. CRA International has a 12-month low of $81.29 and a 12-month high of $198.02. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.75 and a beta of 1.14. The business's fifty day moving average price is $175.50 and its two-hundred day moving average price is $169.69.
CRA International (NASDAQ:CRAI - Get Free Report) last issued its earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.34. The business had revenue of $171.44 million during the quarter, compared to analyst estimates of $167.87 million. CRA International had a return on equity of 22.37% and a net margin of 6.17%. During the same quarter in the prior year, the firm earned $1.42 earnings per share. Equities analysts expect that CRA International will post 6.93 earnings per share for the current fiscal year.
Insider Buying and Selling at CRA International
In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total value of $155,210.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total value of $155,210.00. Following the sale, the chief financial officer now directly owns 11,624 shares of the company's stock, valued at approximately $1,804,161.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 159,212 shares in the company, valued at $25,208,035.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,750 shares of company stock worth $1,695,720. 5.20% of the stock is currently owned by insiders.
Institutional Trading of CRA International
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in CRA International during the 1st quarter valued at approximately $115,000. Marshall Wace LLP purchased a new position in CRA International during the 2nd quarter valued at approximately $221,000. Arkadios Wealth Advisors grew its holdings in CRA International by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider's stock valued at $517,000 after buying an additional 74 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of CRA International by 12.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider's stock worth $518,000 after purchasing an additional 324 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of CRA International by 13.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,280 shares of the business services provider's stock worth $549,000 after purchasing an additional 393 shares during the period. Institutional investors own 84.13% of the company's stock.
CRA International Company Profile
(
Get Free Report)
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.
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