CRA International (NASDAQ:CRAI) Stock Crosses Above 200 Day Moving Average - Time to Sell?

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) passed 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 traded.

Analysts Set New Price Targets

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

CRA International Stock Up 0.6%

The stock has a fifty day simple moving average of $176.20 and a 200 day simple moving average of $183.28. The firm has a market capitalization of $1.29 billion, a P/E ratio of 28.05, a PEG ratio of 1.75 and a beta of 0.93.

CRA International (NASDAQ:CRAI - Get Free Report) last released its earnings results on Thursday, May 1st. The business services provider reported $2.22 earnings per share (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 analysts' expectations 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 earnings per share for the current fiscal year.

CRA International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, May 27th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, May 27th. CRA International's payout ratio is currently 26.45%.

Insider Transactions at CRA International

In other CRA International news, EVP Jonathan D. Yellin sold 1,750 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $188.46, for a total value of $329,805.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $190.62, for a total transaction of $1,429,650.00. Following the transaction, the chief executive officer now directly owns 141,545 shares of the company's stock, valued at $26,981,307.90. This trade represents a 5.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,750 shares of company stock valued at $3,081,555. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CRA International

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in CRA International by 1.6% during the first quarter. Rhumbline Advisers now owns 12,706 shares of the business services provider's stock valued at $2,201,000 after buying an additional 205 shares during the last quarter. Strs Ohio bought a new position in CRA International during the 1st quarter valued at about $329,000. Jones Financial Companies Lllp purchased a new stake in shares of CRA International in the first quarter worth approximately $27,000. Jump Financial LLC purchased a new stake in CRA International in the first quarter worth $628,000. Finally, Quantbot Technologies LP bought a new position in shares of CRA International in the first quarter worth about $360,000. 84.13% of the stock is owned by institutional investors.

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.