Paul A. Maleh Sells 7,500 Shares of CRA International, Inc. (NASDAQ:CRAI) Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $176.28, for a total transaction of $1,322,100.00. Following the transaction, the chief executive officer now owns 142,022 shares of the company’s stock, valued at approximately $25,035,638.16. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CRA International Trading Up 1.9 %

Shares of CRAI stock opened at $184.00 on Thursday. The business’s 50-day moving average price is $187.61 and its 200-day moving average price is $184.67. CRA International, Inc. has a 12 month low of $133.54 and a 12 month high of $214.01. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 1.75 and a beta of 1.09.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.44. The firm had revenue of $176.44 million for the quarter, compared to analyst estimates of $166.29 million. CRA International had a net margin of 6.79% and a return on equity of 25.95%. On average, sell-side analysts predict that CRA International, Inc. will post 7.52 earnings per share for the current fiscal year.

CRA International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.07%. The ex-dividend date is Tuesday, March 4th. CRA International’s payout ratio is presently 29.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of CRA International by 1.0% during the third quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider’s stock worth $28,268,000 after buying an additional 1,559 shares during the period. Eagle Asset Management Inc. grew its holdings in CRA International by 178.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider’s stock worth $25,986,000 after acquiring an additional 95,050 shares during the period. Lord Abbett & CO. LLC raised its position in shares of CRA International by 41.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider’s stock worth $13,699,000 after acquiring an additional 23,078 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of CRA International by 102.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,348 shares of the business services provider’s stock valued at $938,000 after purchasing an additional 2,700 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of CRA International by 20.6% during the 3rd quarter. Martingale Asset Management L P now owns 8,535 shares of the business services provider’s stock valued at $1,496,000 after purchasing an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research increased their price target on CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, February 24th.

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.