Paul A. Maleh Sells 2,000 Shares of CRA International, Inc. (NASDAQ:CRAI) Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 2,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $199.37, for a total transaction of $398,740.00. Following the completion of the sale, the chief executive officer now directly owns 153,806 shares of the company’s stock, valued at approximately $30,664,302.22. This trade represents a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CRA International Trading Up 1.6 %

CRAI opened at $193.15 on Friday. The stock has a market capitalization of $1.31 billion, a PE ratio of 28.66, a PEG ratio of 1.75 and a beta of 1.13. CRA International, Inc. has a 1-year low of $118.52 and a 1-year high of $214.01. The firm has a 50-day moving average price of $187.89 and a two-hundred day moving average price of $183.10.

CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.44. CRA International had a net margin of 6.79% and a return on equity of 25.95%. The company had revenue of $176.44 million for the quarter, compared to analyst estimates of $166.29 million. On average, research analysts predict that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.01%. The ex-dividend date is Tuesday, March 4th. CRA International’s payout ratio is 29.08%.

Analysts Set New Price Targets

CRAI has been the subject of a number of research reports. StockNews.com downgraded shares of CRA International from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Barrington Research increased their target price on shares of CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, February 24th.

Institutional Trading of CRA International

Several hedge funds have recently bought and sold shares of CRAI. Eagle Asset Management Inc. raised its holdings in CRA International by 178.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider’s stock worth $25,986,000 after buying an additional 95,050 shares during the period. United Capital Financial Advisors LLC acquired a new stake in shares of CRA International in the fourth quarter valued at approximately $9,389,000. Lord Abbett & CO. LLC raised its holdings in shares of CRA International by 41.9% in the third quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider’s stock valued at $13,699,000 after purchasing an additional 23,078 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of CRA International by 56.0% in the fourth quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock valued at $5,450,000 after purchasing an additional 10,455 shares during the last quarter. Finally, Summit Global Investments acquired a new position in CRA International during the fourth quarter worth $656,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

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.