CRA International, Inc. (NASDAQ:CRAI) EVP Sells $333,392.50 in Stock

CRA International, Inc. (NASDAQ:CRAI) EVP Jonathan D. Yellin sold 1,750 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $190.51, for a total transaction of $333,392.50. Following the transaction, the executive vice president now owns 19,063 shares in the company, valued at $3,631,692.13. This represents a 8.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CRA International Trading Up 0.4 %

CRA International stock opened at $186.06 on Monday. The company has a market capitalization of $1.26 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.75 and a beta of 1.09. The firm’s fifty day simple moving average is $188.03 and its 200-day simple moving average is $184.46. CRA International, Inc. has a 1-year low of $133.54 and a 1-year high of $214.01.

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

CRA International Announces Dividend

The company 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 $0.49 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.96 dividend on an annualized basis and a yield of 1.05%. CRA International’s payout ratio is presently 29.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in CRA International by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider’s stock valued at $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% in 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 buying an additional 95,050 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in CRA International by 41.9% in 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 buying an additional 23,078 shares during the last quarter. United Capital Financial Advisors LLC acquired a new position in CRA International in the 4th quarter valued at $9,389,000. Finally, Foundry Partners LLC grew its stake in CRA International by 56.0% in the 4th quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock valued at $5,450,000 after buying an additional 10,455 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.