CRA International (NASDAQ:CRAI) Hits New 52-Week High at $98.65

Shares of CRA International, Inc. (NASDAQ:CRAI) hit a new 52-week high on Thursday . The stock traded as high as $98.65 and last traded at $98.65, with a volume of 352 shares changing hands. The stock had previously closed at $95.07.

A number of equities research analysts recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $105.00 price objective (up previously from $101.00) on shares of CRA International in a report on Friday, August 6th. Zacks Investment Research cut shares of CRA International from a “buy” rating to a “hold” rating and set a $89.00 price target for the company. in a research note on Wednesday, July 7th.

The firm has a market cap of $716.79 million, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 1.17 and a beta of 1.57. The company has a 50 day moving average price of $90.98 and a 200 day moving average price of $83.53.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, August 5th. The business services provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.60. The firm had revenue of $148.24 million for the quarter, compared to analyst estimates of $138.26 million. CRA International had a net margin of 6.17% and a return on equity of 17.48%. Research analysts predict that CRA International, Inc. will post 5.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Tuesday, August 31st were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 30th. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. CRA International’s dividend payout ratio is currently 31.04%.

In other CRA International news, CEO Paul A. Maleh sold 13,769 shares of the stock in a transaction dated Thursday, August 12th. The stock was sold at an average price of $93.24, for a total value of $1,283,821.56. Following the sale, the chief executive officer now owns 150,778 shares of the company’s stock, valued at approximately $14,058,540.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan D. Yellin sold 2,813 shares of the company’s stock in a transaction that occurred on Monday, June 28th. The stock was sold at an average price of $87.89, for a total transaction of $247,234.57. The disclosure for this sale can be found here. Insiders have sold a total of 30,082 shares of company stock valued at $2,770,153 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC raised its position in shares of CRA International by 353.3% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 408 shares of the business services provider’s stock worth $37,000 after acquiring an additional 318 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of CRA International during the 1st quarter worth approximately $113,000. Metropolitan Life Insurance Co NY boosted its holdings in shares of CRA International by 64,666.7% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 1,943 shares of the business services provider’s stock valued at $166,000 after buying an additional 1,940 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of CRA International in the 1st quarter valued at $189,000. Finally, Lazard Asset Management LLC raised its stake in CRA International by 35.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,571 shares of the business services provider’s stock worth $191,000 after acquiring an additional 669 shares in the last quarter. 85.87% of the stock is currently owned by institutional investors.

About CRA International (NASDAQ:CRAI)

CRA International, Inc is a consulting firm, which engages in provision of economic, financial and management consulting services. It offers consulting services through the litigation, regulatory, financial, and management consulting areas. The company was founded in 1965 and is headquartered in Boston, MA.

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