Insider Selling: CRA International, Inc. (NASDAQ:CRAI) CEO Sells 2,000 Shares of Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 2,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $199.37, for a total value of $398,740.00. Following the completion of the transaction, the chief executive officer now owns 153,806 shares of the company’s stock, valued at $30,664,302.22. The trade was a 1.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

CRA International Stock Down 2.3 %

Shares of NASDAQ:CRAI opened at $190.17 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.75 and a beta of 1.13. CRA International, Inc. has a 12-month low of $115.61 and a 12-month high of $214.01. The business has a fifty day simple moving average of $187.72 and a 200 day simple moving average of $182.84.

CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.44. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The business had revenue of $176.44 million during the quarter, compared to analyst estimates of $166.29 million. As a group, equities research analysts expect that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.96 dividend on an annualized basis and a yield of 1.03%. CRA International’s payout ratio is currently 29.08%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRAI. Barrington Research raised their target price on CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com lowered CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

Institutional Trading of CRA International

A number of large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. grew its holdings in CRA International by 2.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after acquiring an additional 86 shares during the period. Farther Finance Advisors LLC grew its holdings in CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock worth $640,000 after acquiring an additional 108 shares during the period. Foundry Partners LLC grew its holdings in CRA International by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after acquiring an additional 180 shares during the period. MetLife Investment Management LLC grew its holdings in CRA International by 6.7% during the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock worth $745,000 after acquiring an additional 250 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in CRA International during the 3rd quarter worth about $164,000. 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.