CRA International, Inc. (NASDAQ:CRAI) CEO Sells $1,463,000.00 in Stock

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) CEO Paul A. Maleh sold 7,600 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $192.50, for a total value of $1,463,000.00. Following the sale, the chief executive officer now directly owns 145,806 shares of the company's stock, valued at $28,067,655. The trade was a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CRA International Stock Performance

NASDAQ CRAI traded up $2.63 on Tuesday, hitting $193.08. 53,165 shares of the stock traded hands, compared to its average volume of 36,797. The business's fifty day moving average is $188.12 and its two-hundred day moving average is $183.90. CRA International, Inc. has a 12 month low of $133.54 and a 12 month high of $214.01. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.75 and a beta of 1.13.

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

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CRA International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, March 4th. CRA International's payout ratio is currently 29.08%.

Hedge Funds Weigh In On CRA International

Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of CRA International in the third quarter worth $164,000. Ameriprise Financial Inc. bought a new position in shares of CRA International in the fourth quarter worth $249,000. KLP Kapitalforvaltning AS bought a new position in shares of CRA International in the fourth quarter worth $281,000. Harbor Capital Advisors Inc. boosted its holdings in shares of CRA International by 2.9% in the third quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider's stock worth $543,000 after acquiring an additional 86 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of 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 acquiring an additional 108 shares during the period. 84.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research increased their price objective on CRA International from $212.00 to $224.00 and gave the company an "outperform" rating in a 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.