CRA International, Inc. (NASDAQ:CRAI) CEO Sells $1,322,100.00 in Stock

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $176.28, for a total value of $1,322,100.00. Following the completion of the sale, the chief executive officer now owns 142,022 shares of the company's stock, valued at approximately $25,035,638.16. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CRA International Stock Performance

CRA International stock traded down $5.35 during mid-day trading on Friday, reaching $172.33. The stock had a trading volume of 58,365 shares, compared to its average volume of 37,342. CRA International, Inc. has a fifty-two week low of $133.54 and a fifty-two week high of $214.01. The stock's 50-day simple moving average is $187.22 and its 200-day simple moving average is $184.82. The firm has a market capitalization of $1.17 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09.

CRA International (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $2.03 EPS 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 firm had revenue of $176.44 million during the quarter, compared to analysts' expectations of $166.29 million. On average, research analysts forecast that CRA International, Inc. will post 7.52 earnings per share for the current fiscal year.

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CRA International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.96 annualized dividend and a dividend yield of 1.14%. CRA International's payout ratio is 29.08%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRAI. Quantbot Technologies LP purchased a new position in CRA International in the third quarter worth $164,000. Ameriprise Financial Inc. purchased a new position in CRA International in the fourth quarter worth $249,000. KLP Kapitalforvaltning AS purchased a new position in CRA International in the fourth quarter worth $281,000. Harbor Capital Advisors Inc. boosted its position in CRA International by 4.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider's stock worth $607,000 after purchasing an additional 150 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted 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 worth $640,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 84.13% of the company's stock.

Analyst Upgrades and Downgrades

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

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.