CRA International, Inc. (NASDAQ:CRAI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.
Wall Street Analyst Weigh In
Separately, Barrington Research lifted their price target on CRA International from $224.00 to $228.00 and gave the stock an "outperform" rating in a research note on Wednesday.
Read Our Latest Stock Report on CRAI
CRA International Price Performance
The stock has a 50 day moving average price of $173.67 and a 200-day moving average price of $183.82. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87.
CRA International (NASDAQ:CRAI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $0.29. The firm had revenue of $181.85 million for the quarter, compared to analyst estimates of $176.63 million. CRA International had a return on equity of 25.95% and a net margin of 6.79%. As a group, research analysts forecast that CRA International, Inc. will post 7.52 earnings per share for the current year.
CRA International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, May 27th. CRA International's dividend payout ratio (DPR) is currently 26.45%.
Insiders Place Their Bets
In other CRA International news, EVP Jonathan D. Yellin sold 1,750 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $190.51, for a total transaction of $333,392.50. Following the transaction, the executive vice president now owns 19,063 shares of the company's stock, valued at approximately $3,631,692.13. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas Aiken Avery sold 1,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $199.05, for a total value of $199,050.00. Following the transaction, the director now directly owns 14,669 shares in the company, valued at $2,919,864.45. This trade represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,100 shares of company stock valued at $5,661,538. Insiders own 4.70% of the company's stock.
Institutional Investors Weigh In On CRA International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new stake in CRA International in the first quarter valued at $27,000. Jump Financial LLC purchased a new stake in CRA International in the first quarter valued at $628,000. Quantbot Technologies LP purchased a new stake in CRA International in the first quarter valued at $360,000. Russell Investments Group Ltd. raised its position in CRA International by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 5,190 shares of the business services provider's stock valued at $899,000 after purchasing an additional 501 shares during the period. 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 valued at $714,000 after purchasing an additional 3,532 shares during the period. Hedge funds and other institutional investors own 84.13% of the company's stock.
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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