CRA International (NASDAQ:CRAI) Stock Price Down 3.4% - Should You Sell?

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) shares dropped 3.4% on Tuesday . The stock traded as low as $184.03 and last traded at $184.03. Approximately 18,262 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 43,887 shares. The stock had previously closed at $190.53.

Wall Street Analyst Weigh In

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

CRA International Price Performance

The company's 50 day moving average is $175.97 and its two-hundred day moving average is $183.29. The firm has a market cap of $1.28 billion, a P/E ratio of 27.88, a PEG ratio of 1.75 and a beta of 0.93.

CRA International (NASDAQ:CRAI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $0.29. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The company had revenue of $181.85 million during the quarter, compared to the consensus estimate of $176.63 million. Research analysts predict that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, May 27th. CRA International's payout ratio is 26.45%.

Insider Transactions at CRA International

In related news, EVP Jonathan D. Yellin sold 1,750 shares of the firm'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 transaction 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. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $190.62, for a total value of $1,429,650.00. Following the transaction, the chief executive officer now 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. In the last three months, insiders sold 16,750 shares of company stock valued at $3,081,555. Company insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On CRA International

Several institutional investors have recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC bought a new position in shares of CRA International in the fourth quarter valued at approximately $9,389,000. Foundry Partners LLC raised its position in CRA International by 56.0% in the 4th quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider's stock valued at $5,450,000 after purchasing an additional 10,455 shares during the last quarter. GAMMA Investing LLC raised its position in CRA International by 28,517.4% in the 1st quarter. GAMMA Investing LLC now owns 6,582 shares of the business services provider's stock valued at $1,140,000 after purchasing an additional 6,559 shares during the last quarter. Jump Financial LLC bought a new position in CRA International in the 1st quarter valued at $628,000. Finally, SG Americas Securities LLC raised its position in CRA International by 599.7% in the 1st 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 last quarter. 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.