CRA International, Inc. (NASDAQ:CRAI) Director William F. Concannon sold 695 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $51.50, for a total transaction of $35,792.50. Following the sale, the director now directly owns 24,800 shares of the company’s stock, valued at approximately $1,277,200. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of CRAI stock opened at $54.11 on Thursday. The company has a market cap of $405.47 million, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.10. CRA International, Inc. has a 52 week low of $34.24 and a 52 week high of $54.25. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average of $49.73 and a 200-day moving average of $42.33.
CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.67 by $0.31. The company had revenue of $115.69 million during the quarter, compared to the consensus estimate of $110.48 million. CRA International had a net margin of 5.18% and a return on equity of 13.08%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Analysts anticipate that CRA International, Inc. will post 3.03 earnings per share for the current year.
CRAI has been the subject of a number of recent analyst reports. ValuEngine raised shares of CRA International from a “sell” rating to a “hold” rating in a research report on Tuesday. Barrington Research increased their target price on shares of CRA International from $53.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BidaskClub raised shares of CRA International from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, William Blair reaffirmed a “market perform” rating on shares of CRA International in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $52.50.
Several hedge funds have recently made changes to their positions in CRAI. Strs Ohio grew its position in shares of CRA International by 7.4% during the 2nd quarter. Strs Ohio now owns 14,500 shares of the business services provider’s stock worth $555,000 after buying an additional 1,000 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in shares of CRA International during the 2nd quarter worth approximately $563,000. Panagora Asset Management Inc. grew its position in shares of CRA International by 2.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 93,920 shares of the business services provider’s stock worth $3,600,000 after buying an additional 2,495 shares during the period. Rhumbline Advisers grew its position in shares of CRA International by 6.3% during the 3rd quarter. Rhumbline Advisers now owns 12,472 shares of the business services provider’s stock worth $523,000 after buying an additional 739 shares during the period. Finally, Pembroke Management LTD grew its position in shares of CRA International by 16.6% during the 3rd quarter. Pembroke Management LTD now owns 320,159 shares of the business services provider’s stock worth $13,437,000 after buying an additional 45,622 shares during the period. 84.76% of the stock is owned by institutional investors.
About CRA International
CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. 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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