CRA International, Inc. (NASDAQ:CRAI) CEO Sells $1,463,000.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,600 shares of CRA International stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $192.50, for a total transaction of $1,463,000.00. Following the completion of the sale, the chief executive officer now owns 145,806 shares in the company, valued at approximately $28,067,655. This represents a 4.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

CRA International Price Performance

Shares of CRAI opened at $193.15 on Monday. The stock has a market capitalization 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, Inc. has a 1 year low of $118.52 and a 1 year high of $214.01. The business’s 50 day simple moving average is $187.89 and its 200-day simple moving average is $183.46.

CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $166.29 million. On average, sell-side analysts expect 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. Investors of record on Tuesday, March 4th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, March 4th. CRA International’s payout ratio is 29.08%.

Institutional Investors Weigh In On CRA International

Several large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of CRA International in the 3rd quarter valued at approximately $164,000. Ameriprise Financial Inc. purchased a new stake in CRA International during the 4th quarter valued at $249,000. KLP Kapitalforvaltning AS bought a new stake in CRA International in the fourth quarter worth $281,000. Harbor Capital Advisors Inc. boosted its stake in 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 increased its position in 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 acquiring an additional 108 shares during the last quarter. 84.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research raised their price objective on CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday, February 24th.

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.