CRA International, Inc. (NASDAQ:CRAI) CFO Sells $155,210.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total transaction of $155,210.00. Following the sale, the chief financial officer now owns 11,624 shares in the company, valued at $1,804,161.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CRA International Stock Down 0.6 %

Shares of CRA International stock opened at $157.64 on Thursday. CRA International, Inc. has a 52-week low of $81.29 and a 52-week high of $187.10. The company has a market capitalization of $1.09 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.54 and a beta of 1.17. The company has a 50 day moving average of $171.07 and a 200 day moving average of $152.33.

CRA International (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.34. The business had revenue of $171.44 million during the quarter, compared to analysts’ expectations of $167.87 million. CRA International had a net margin of 6.17% and a return on equity of 21.87%. During the same period in the previous year, the company earned $1.42 EPS. As a group, research analysts anticipate that CRA International, Inc. will post 6.19 earnings per share for the current fiscal year.

CRA International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.07%. CRA International’s payout ratio is currently 27.45%.

Institutional Investors Weigh In On CRA International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB purchased a new position in CRA International in the first quarter valued at approximately $26,924,000. Bank of New York Mellon Corp boosted its holdings in shares of CRA International by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider’s stock valued at $10,532,000 after buying an additional 1,705 shares in the last quarter. Foundry Partners LLC grew its position in shares of CRA International by 7.5% in the 4th quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock valued at $4,602,000 after buying an additional 3,245 shares during the last quarter. Isthmus Partners LLC raised its stake in CRA International by 55.3% during the 1st quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock worth $4,289,000 after acquiring an additional 10,213 shares in the last quarter. Finally, Spinnaker Trust purchased a new stake in CRA International in the fourth quarter valued at $1,953,000. Institutional investors and hedge funds own 84.13% of the company’s stock.

Wall Street Analysts Forecast Growth

CRAI has been the topic of a number of recent research reports. StockNews.com lowered CRA International from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Barrington Research restated an “outperform” rating and set a $186.00 price target on shares of CRA International in a report on Tuesday, June 11th.

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.