CRA International (NASDAQ:CRAI) Shares Cross Above 200 Day Moving Average - Should You Sell?

CRA International, Inc. (NASDAQ:CRAI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $183.22 and traded as high as $191.24. CRA International shares last traded at $190.53, with a volume of 102,864 shares.

Analyst Upgrades and Downgrades

Separately, Barrington Research lifted their price target on shares of CRA International from $224.00 to $228.00 and gave the company an "outperform" rating in a report on Wednesday, May 21st.

CRA International Price Performance

The company has a fifty day moving average price of $175.36 and a 200 day moving average price of $183.24. The company has a market capitalization of $1.29 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93.

CRA International (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $0.29. The business had revenue of $181.85 million during 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%. On average, equities research analysts predict that CRA International, Inc. will post 7.52 earnings per share 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. Investors of record on Tuesday, May 27th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.04%. CRA International's dividend payout ratio (DPR) is presently 26.45%.

Insider Buying and Selling at CRA International

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $190.62, for a total transaction of $1,429,650.00. Following the sale, the chief executive officer now owns 141,545 shares of the company's stock, valued at $26,981,307.90. The trade was a 5.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction 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 directly owns 19,073 shares of the company's stock, valued at approximately $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 17,750 shares of company stock valued at $3,267,355 in the last ninety days. Company insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On CRA International

A number of institutional investors and hedge funds have recently bought and sold shares of CRAI. United Capital Financial Advisors LLC bought a new stake in shares of CRA International during the 4th quarter worth about $9,389,000. Foundry Partners LLC increased its stake in shares of CRA International by 56.0% during the fourth quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider's stock valued at $5,450,000 after acquiring an additional 10,455 shares during the period. Rhumbline Advisers raised its holdings in CRA International by 1.6% during the first quarter. Rhumbline Advisers now owns 12,706 shares of the business services provider's stock worth $2,201,000 after purchasing an additional 205 shares in the last quarter. GAMMA Investing LLC lifted its position in CRA International by 28,517.4% in the first quarter. GAMMA Investing LLC now owns 6,582 shares of the business services provider's stock worth $1,140,000 after purchasing an additional 6,559 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in CRA International by 10.7% during the 1st 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 in the last quarter. Institutional investors own 84.13% of the company's stock.

About CRA International

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.