CRA International, Inc. (NASDAQ:CRAI) Director Sells $199,050.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) Director Thomas Aiken Avery sold 1,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $199.05, for a total transaction 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 represents a 6.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

CRA International Stock Performance

NASDAQ:CRAI traded down $0.95 during midday trading on Wednesday, reaching $194.59. 62,934 shares of the stock traded hands, compared to its average volume of 36,012. The stock has a market capitalization of $1.32 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. CRA International, Inc. has a 12-month low of $114.00 and a 12-month high of $214.01. The business has a 50-day moving average of $187.60 and a two-hundred day moving average of $182.71.

CRA International (NASDAQ:CRAI) last issued 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. 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 analyst estimates of $166.29 million. Research analysts anticipate that CRA International, Inc. will post 7.52 earnings per share for the current year.

CRA International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, March 4th. CRA International’s dividend payout ratio is presently 29.08%.

Hedge Funds Weigh In On CRA International

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in CRA International in the 3rd quarter worth approximately $164,000. Ameriprise Financial Inc. purchased a new position in shares of CRA International in the fourth quarter worth $249,000. KLP Kapitalforvaltning AS purchased a new position in shares of CRA International in the fourth quarter worth $281,000. Harbor Capital Advisors Inc. lifted its stake in shares of CRA International by 2.9% during the third quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after buying an additional 86 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of CRA International by 3.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Wall Street Analysts Forecast Growth

CRAI has been the subject of a number of recent research reports. StockNews.com downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barrington Research upped their price objective on CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday.

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.