Insider Selling: CRA International, Inc. (NASDAQ:CRAI) CFO Sells 1,000 Shares of Stock

CRA International, Inc. (NASDAQ:CRAI) CFO Daniel K. Mahoney sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $155.21, for a total value of $155,210.00. Following the completion of the sale, the chief financial officer now owns 11,624 shares in the company, valued at $1,804,161.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CRA International Stock Performance

Shares of CRAI stock traded up $1.46 during trading on Monday, hitting $155.21. The company had a trading volume of 27,396 shares, compared to its average volume of 38,221. The firm has a market capitalization of $1.07 billion, a P/E ratio of 25.36, a price-to-earnings-growth ratio of 1.54 and a beta of 1.17. The stock’s 50-day moving average price is $172.57 and its 200 day moving average price is $151.58. CRA International, Inc. has a one year low of $81.29 and a one year high of $187.10.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share (EPS) for the quarter, beating 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 return on equity of 21.87% and a net margin of 6.17%. During the same period in the previous year, the company posted $1.42 earnings per share. On average, 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 announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, August 27th. CRA International’s payout ratio is presently 27.45%.

Institutional Investors Weigh In On CRA International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors lifted its stake in CRA International by 2.5% during the second quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after purchasing an additional 74 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in CRA International by 3.6% during the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after purchasing an additional 117 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in CRA International by 2.0% during the fourth quarter. BNP Paribas Financial Markets now owns 10,284 shares of the business services provider’s stock worth $1,017,000 after purchasing an additional 206 shares during the last quarter. Bridge City Capital LLC lifted its stake in CRA International by 4.9% during the first quarter. Bridge City Capital LLC now owns 4,810 shares of the business services provider’s stock worth $719,000 after purchasing an additional 223 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in CRA International by 12.1% during the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock worth $518,000 after purchasing an additional 324 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on CRAI. StockNews.com lowered CRA International from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Barrington Research reissued an “outperform” rating and set a $186.00 price target on shares of CRA International in a research 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.