CRA International, Inc. (NASDAQ:CRAI) CEO Sells $1,436,625.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the completion of the transaction, the chief executive officer now directly owns 151,712 shares in the company, valued at $29,060,433.60. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

CRA International Price Performance

Shares of CRA International stock traded up $0.36 on Monday, reaching $186.62. The company had a trading volume of 21,182 shares, compared to its average volume of 37,416. The firm’s 50-day moving average price is $181.87 and its two-hundred day moving average price is $173.51. CRA International, Inc. has a 1 year low of $92.07 and a 1 year high of $208.38. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 1.64 and a beta of 1.13.

CRA International (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.58 by $0.19. The company had revenue of $167.75 million for the quarter, compared to the consensus estimate of $166.83 million. CRA International had a return on equity of 24.46% and a net margin of 6.41%. During the same period last year, the business posted $1.13 EPS. As a group, analysts anticipate that CRA International, Inc. will post 7.08 EPS for the current year.

CRA International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.05%. This is an increase from CRA International’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, November 26th. CRA International’s payout ratio is 27.18%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CRAI shares. StockNews.com cut CRA International from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Barrington Research upped their price objective on CRA International from $194.00 to $212.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

Institutional Trading of CRA International

A number of institutional investors have recently bought and sold shares of CRAI. SG Americas Securities LLC acquired a new stake in shares of CRA International during the first quarter worth about $115,000. Quantbot Technologies LP acquired a new stake in CRA International during the third quarter valued at $164,000. Marshall Wace LLP acquired a new stake in shares of CRA International during the 2nd quarter valued at about $221,000. Arkadios Wealth Advisors increased its position in shares of CRA International by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock valued at $517,000 after buying an additional 74 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in CRA International by 12.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock worth $518,000 after acquiring an additional 324 shares in the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.

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.