Charles River Associates (NASDAQ:CRAI) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Charles River Associates (NASDAQ:CRAI) shares have crossed above their 200-day moving average, reaching a current trading price of $193.24 compared to the average of $185.09.
• Equities research analysts have a consensus rating of "Buy" for the stock, with a price target set at $235.00, while a recent report downgraded it from a buy to a hold rating.
• The company recently announced a quarterly dividend of $0.49 per share, contributing to a yield of approximately 1.0% with a payout ratio of 23.73%.

Charles River Associates (NASDAQ:CRAI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $185.09 and traded as high as $197.09. Charles River Associates shares last traded at $193.24, with a volume of 84,261 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barrington Research restated an "outperform" rating and issued a $235.00 price objective on shares of Charles River Associates in a report on Tuesday, September 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Charles River Associates in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered Charles River Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $235.00.

Charles River Associates Price Performance

The company has a market cap of $1.27 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.52 and a beta of 0.90. The company's 50-day moving average is $194.41 and its two-hundred day moving average is $185.09.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.05. The business had revenue of $186.88 million for the quarter, compared to analysts' expectations of $180.34 million. Charles River Associates had a return on equity of 25.51% and a net margin of 7.93%. Charles River Associates has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Charles River Associates will post 7.52 EPS for the current year.

Charles River Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 26th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.96 annualized dividend and a dividend yield of 1.0%. Charles River Associates's dividend payout ratio (DPR) is 23.73%.

Insiders Place Their Bets

In other Charles River Associates news, EVP Jonathan D. Yellin sold 1,750 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $187.43, for a total transaction of $328,002.50. Following the transaction, the executive vice president owned 17,323 shares in the company, valued at approximately $3,246,849.89. This represents a 9.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new stake in Charles River Associates in the first quarter worth approximately $27,000. Strs Ohio purchased a new position in shares of Charles River Associates in the 1st quarter worth $329,000. Quantbot Technologies LP purchased a new position in shares of Charles River Associates in the 1st quarter worth $360,000. Jump Financial LLC bought a new stake in shares of Charles River Associates in the first quarter worth $628,000. Finally, Kennedy Capital Management LLC increased its position in Charles River Associates by 9.3% during the second quarter. Kennedy Capital Management LLC now owns 3,910 shares of the business services provider's stock valued at $733,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 84.13% of the company's stock.

Charles River Associates 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.

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