Wedge Capital Management L L P NC reduced its position in CRA International (NASDAQ:CRAI) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,285 shares of the business services provider’s stock after selling 5,565 shares during the quarter. Wedge Capital Management L L P NC owned about 0.36% of CRA International worth $1,531,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC increased its holdings in CRA International by 5.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 46,963 shares of the business services provider’s stock valued at $2,111,000 after buying an additional 2,275 shares during the period. MetLife Investment Advisors LLC bought a new position in CRA International in the 4th quarter valued at about $219,000. Fuller & Thaler Asset Management Inc. increased its holdings in CRA International by 23.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 25,900 shares of the business services provider’s stock valued at $1,164,000 after buying an additional 5,000 shares during the period. LSV Asset Management increased its holdings in CRA International by 4.1% in the 4th quarter. LSV Asset Management now owns 134,300 shares of the business services provider’s stock valued at $6,036,000 after buying an additional 5,300 shares during the period. Finally, Ariel Investments LLC increased its holdings in CRA International by 6.2% in the 4th quarter. Ariel Investments LLC now owns 162,498 shares of the business services provider’s stock valued at $7,304,000 after buying an additional 9,500 shares during the period. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on CRAI shares. Zacks Investment Research raised shares of CRA International from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Monday, April 30th. ValuEngine raised shares of CRA International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, BidaskClub raised shares of CRA International from a “hold” rating to a “buy” rating in a report on Saturday, February 24th.
Shares of CRA International stock opened at $56.16 on Tuesday. The company has a market cap of $452.69 million, a P/E ratio of 24.16 and a beta of 0.76. CRA International has a 1 year low of $31.77 and a 1 year high of $58.74.
CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, April 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.25. The company had revenue of $99.50 million for the quarter, compared to analyst estimates of $95.39 million. CRA International had a net margin of 2.78% and a return on equity of 9.46%. CRA International’s revenue for the quarter was up 12.8% compared to the same quarter last year. research analysts anticipate that CRA International will post 2.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 29th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, May 25th. CRA International’s dividend payout ratio (DPR) is presently 35.60%.
CRA International announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 15th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.
CRA International Profile
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.
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