CRA International, Inc. (NASDAQ:CRAI - Get Free Report) CEO Paul A. Maleh sold 7,500 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $191.55, for a total value of $1,436,625.00. Following the completion of the sale, the chief executive officer now owns 151,712 shares in the company, valued at $29,060,433.60. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
CRA International Stock Up 0.2 %
Shares of NASDAQ CRAI opened at $186.62 on Tuesday. The company has a market cap of $1.27 billion, a P/E ratio of 30.20, a P/E/G ratio of 1.64 and a beta of 1.13. CRA International, Inc. has a 52 week low of $92.07 and a 52 week high of $208.38. The business has a 50-day simple moving average of $182.41 and a two-hundred day simple moving average of $173.75.
CRA International (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.58 by $0.19. CRA International had a net margin of 6.41% and a return on equity of 24.46%. The company had revenue of $167.75 million during the quarter, compared to analysts' expectations of $166.83 million. During the same quarter in the previous year, the company earned $1.13 earnings per share. Equities research analysts anticipate that CRA International, Inc. will post 7.08 EPS for the current year.
CRA International Increases Dividend
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, November 26th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from CRA International's previous quarterly dividend of $0.42. CRA International's payout ratio is currently 27.18%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRAI. SG Americas Securities LLC bought a new stake in CRA International during the first quarter worth about $115,000. Quantbot Technologies LP purchased a new stake in CRA International during the 3rd quarter valued at about $164,000. Marshall Wace LLP purchased a new position in CRA International in the 2nd quarter worth approximately $221,000. Kennedy Capital Management LLC lifted its position in CRA International by 3.6% in the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider's stock valued at $497,000 after purchasing an additional 117 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of CRA International by 2.5% during the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider's stock valued at $517,000 after purchasing an additional 74 shares during the period. 84.13% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CRAI shares. Barrington Research lifted their target price on shares of CRA International from $194.00 to $212.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. StockNews.com cut shares of CRA International from a "buy" rating to a "hold" rating in a report on Friday, November 1st.
Get Our Latest Analysis on CRA International
CRA International Company Profile
(
Get Free Report)
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.
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