3,505 Shares in CRA International, Inc. (NASDAQ:CRAI) Bought by Summit Global Investments

Summit Global Investments purchased a new position in shares of CRA International, Inc. (NASDAQ:CRAI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,505 shares of the business services provider's stock, valued at approximately $656,000. Summit Global Investments owned about 0.05% of CRA International at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CRAI. Quantbot Technologies LP bought a new position in shares of CRA International in the third quarter worth approximately $164,000. Harbor Capital Advisors Inc. grew its holdings in CRA International by 4.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider's stock worth $607,000 after acquiring an additional 150 shares during the last quarter. Farther Finance Advisors LLC increased its position 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 valued at $640,000 after acquiring an additional 108 shares during the period. BNP Paribas Financial Markets raised its stake in shares of CRA International by 102.0% during the third quarter. BNP Paribas Financial Markets now owns 5,348 shares of the business services provider's stock valued at $938,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of CRA International by 20.6% during the third quarter. Martingale Asset Management L P now owns 8,535 shares of the business services provider's stock valued at $1,496,000 after acquiring an additional 1,460 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.

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CRA International Stock Performance

Shares of CRAI traded down $1.04 on Thursday, reaching $176.11. The stock had a trading volume of 43,199 shares, compared to its average volume of 37,810. 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 $1.20 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. The company has a 50-day simple moving average of $186.49 and a 200-day simple moving average of $185.57.

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 the consensus estimate of $1.59 by $0.44. The business had revenue of $176.44 million during the quarter, compared to analyst estimates of $166.29 million. CRA International had a return on equity of 25.95% and a net margin of 6.79%. On average, analysts expect that CRA International, Inc. will post 7.52 EPS for the current fiscal year.

CRA International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.96 annualized dividend and a dividend yield of 1.11%. CRA International's payout ratio is currently 29.08%.

Analyst Upgrades and Downgrades

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

Insider Activity at CRA International

In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction on Monday, February 24th. The stock was sold at an average price of $199.05, for a total value of $199,050.00. Following the completion of the sale, the director now owns 14,669 shares of the company's stock, valued at approximately $2,919,864.45. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan D. Yellin sold 1,750 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $190.51, for a total value of $333,392.50. Following the completion of the transaction, the executive vice president now owns 19,063 shares of the company's stock, valued at $3,631,692.13. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,850 shares of company stock valued at $3,902,083 in the last 90 days. Corporate insiders own 5.20% of the company's stock.

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.