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 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 transaction, the director now directly owns 14,669 shares of the company’s stock, valued at approximately $2,919,864.45. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

CRA International Price Performance

Shares of CRAI stock opened at $193.15 on Friday. CRA International, Inc. has a 1-year low of $118.52 and a 1-year high of $214.01. The stock’s fifty day moving average price is $187.89 and its 200 day moving average price is $183.10. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13.

CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $166.29 million. As a group, equities 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 announced 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. The ex-dividend date is Tuesday, March 4th. This represents a $1.96 annualized dividend and a yield of 1.01%. CRA International’s dividend payout ratio (DPR) is 29.08%.

Analysts Set New Price Targets

Several research firms have recently commented on CRAI. StockNews.com lowered CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Barrington Research boosted their price target on CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, February 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in CRA International by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider’s stock worth $28,268,000 after buying an additional 1,559 shares during the last quarter. Eagle Asset Management Inc. grew its stake 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 valued at $25,986,000 after purchasing an additional 95,050 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in CRA International by 41.9% during the 3rd 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. United Capital Financial Advisors LLC purchased a new stake in CRA International during the 4th quarter valued at about $9,389,000. Finally, Foundry Partners LLC grew its stake in CRA International by 56.0% during the 4th 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. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

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.