CRA International (NASDAQ:CRAI) Stock Price Down 5.3% - Time to Sell?

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) shares fell 5.3% on Wednesday . The stock traded as low as $177.08 and last traded at $176.38. 25,244 shares changed hands during trading, a decline of 45% from the average session volume of 45,957 shares. The stock had previously closed at $186.19.

Analysts Set New Price Targets

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

CRA International Price Performance

The business's fifty day moving average is $178.05 and its 200-day moving average is $182.90. The firm has a market cap of $1.23 billion, a PE ratio of 26.81, a P/E/G ratio of 1.75 and a beta of 0.93.

CRA International (NASDAQ:CRAI - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $181.85 million during the quarter, compared to the consensus estimate of $176.63 million. CRA International had a net margin of 6.79% and a return on equity of 25.95%. Analysts forecast that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, May 27th were paid a $0.49 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.96 annualized dividend and a dividend yield of 1.08%. CRA International's payout ratio is 26.45%.

Insider Transactions at CRA International

In related news, CEO Paul A. Maleh sold 7,500 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 141,545 shares of the company's stock, valued at approximately $26,981,307.90. The trade was a 5.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $188.46, for a total transaction of $329,805.00. Following the transaction, the executive vice president now directly owns 19,073 shares of the company's stock, valued at approximately $3,594,497.58. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company's stock.

Hedge Funds Weigh In On CRA International

A number of hedge funds and other institutional investors have recently bought and sold shares of CRAI. Farther Finance Advisors LLC grew its stake in CRA International by 3.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider's stock worth $640,000 after buying an additional 108 shares in the last quarter. Summit Global Investments purchased a new position in CRA International in the 4th quarter worth approximately $656,000. KLP Kapitalforvaltning AS purchased a new position in CRA International in the 4th quarter worth approximately $281,000. Foundry Partners LLC grew its stake 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 worth $5,450,000 after buying an additional 10,455 shares in the last quarter. Finally, United Capital Financial Advisors LLC purchased a new position in CRA International in the 4th quarter worth approximately $9,389,000. Hedge funds and other 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.