CRA International, Inc. (NASDAQ:CRAI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $183.75 and traded as high as $196.13. CRA International shares last traded at $195.43, with a volume of 73,522 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Barrington Research boosted their price target on shares of CRA International from $212.00 to $224.00 and gave the company an "outperform" rating in a research note on Monday, February 24th.
View Our Latest Report on CRAI
CRA International Trading Up 1.6%
The firm has a market cap of $1.33 billion, a P/E ratio of 29.00, a PEG ratio of 1.75 and a beta of 0.87. The company's 50-day moving average is $172.64 and its two-hundred day moving average is $183.75.
CRA International (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.22 EPS for the quarter, topping the consensus estimate of $1.93 by $0.29. The firm had revenue of $181.85 million during the quarter, compared to the consensus estimate of $176.63 million. CRA International had a return on equity of 25.95% and a net margin of 6.79%. Research analysts anticipate that CRA International, Inc. will post 7.52 EPS for the current fiscal year.
CRA International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, May 27th. CRA International's dividend payout ratio is 26.45%.
Insider Transactions at CRA International
In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of CRA International stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $185.80, for a total transaction of $185,800.00. Following the transaction, the chief financial officer now owns 12,153 shares of the company's stock, valued at $2,258,027.40. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan D. Yellin sold 1,750 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $188.46, for a total value of $329,805.00. Following the completion of the transaction, the executive vice president now owns 19,073 shares in the company, valued at $3,594,497.58. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,600 shares of company stock worth $4,231,888 in the last quarter. 4.70% of the stock is currently owned by corporate insiders.
Institutional Trading of CRA International
A number of institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in CRA International in the 1st quarter valued at $27,000. Jump Financial LLC bought a new position in CRA International during the first quarter valued at about $628,000. Quantbot Technologies LP bought a new position in CRA International during the first quarter valued at about $360,000. Russell Investments Group Ltd. increased its holdings in CRA International by 10.7% during the first quarter. Russell Investments Group Ltd. now owns 5,190 shares of the business services provider's stock worth $899,000 after buying an additional 501 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in CRA International by 599.7% in the first quarter. SG Americas Securities LLC now owns 4,121 shares of the business services provider's stock worth $714,000 after acquiring an additional 3,532 shares during the period. 84.13% of the stock is owned by hedge funds and other institutional investors.
About CRA International
(
Get Free Report)
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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