CRA International, Inc. (NASDAQ:CRAI) CEO Sells $486,900.00 in Stock

CRA International, Inc. (NASDAQ:CRAI – Get Rating) CEO Paul A. Maleh sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $97.38, for a total transaction of $486,900.00. Following the completion of the transaction, the chief executive officer now owns 174,158 shares of the company’s stock, valued at $16,959,506.04. The sale was disclosed in a filing with the SEC, which is available at this link.

CRA International Trading Down 0.9 %

NASDAQ:CRAI opened at $95.27 on Friday. CRA International, Inc. has a 12 month low of $81.35 and a 12 month high of $128.10. The business’s 50-day moving average is $103.32 and its 200 day moving average is $113.76. The company has a market capitalization of $669.75 million, a P/E ratio of 16.95, a P/E/G ratio of 1.37 and a beta of 1.27.

CRA International (NASDAQ:CRAI – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.21). The business had revenue of $144.98 million for the quarter, compared to the consensus estimate of $148.52 million. CRA International had a return on equity of 20.65% and a net margin of 6.91%. On average, research analysts forecast that CRA International, Inc. will post 5.38 earnings per share for the current year.

CRA International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Tuesday, May 30th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, May 26th. CRA International’s payout ratio is 25.62%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRAI. Barrington Research raised their price objective on CRA International from $130.00 to $133.00 in a research report on Wednesday, March 8th. StockNews.com began coverage on CRA International in a research report on Thursday, May 18th. They set a “hold” rating for the company.

Institutional Trading of CRA International

Institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC grew its position in CRA International by 465.7% during the 4th quarter. Neuberger Berman Group LLC now owns 312,358 shares of the business services provider’s stock worth $38,242,000 after purchasing an additional 257,140 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of CRA International by 9.7% in the 1st quarter. Copeland Capital Management LLC now owns 305,516 shares of the business services provider’s stock worth $32,941,000 after acquiring an additional 27,131 shares during the last quarter. Geode Capital Management LLC lifted its stake in CRA International by 3.2% during the 1st quarter. Geode Capital Management LLC now owns 135,817 shares of the business services provider’s stock worth $14,644,000 after acquiring an additional 4,257 shares in the last quarter. Bank of New York Mellon Corp boosted its position in CRA International by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 70,908 shares of the business services provider’s stock valued at $6,293,000 after buying an additional 2,381 shares during the period. Finally, Ancora Advisors LLC increased its holdings in CRA International by 30.4% during the 1st quarter. Ancora Advisors LLC now owns 63,927 shares of the business services provider’s stock worth $4,772,000 after purchasing an additional 14,889 shares during the period. Institutional investors and hedge funds own 85.57% of the company’s stock.

About CRA International

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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.