Martingale Asset Management L P Purchases 1,460 Shares of CRA International, Inc. (NASDAQ:CRAI)

Martingale Asset Management L P grew its position in CRA International, Inc. (NASDAQ:CRAI) by 20.6% during the third quarter, HoldingsChannel.com reports. The fund owned 8,535 shares of the business services provider’s stock after acquiring an additional 1,460 shares during the quarter. Martingale Asset Management L P’s holdings in CRA International were worth $1,496,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Eagle Asset Management Inc. increased its stake in CRA International by 178.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider’s stock worth $25,986,000 after acquiring an additional 95,050 shares during the last quarter. SG Americas Securities LLC bought a new stake in CRA International in the 3rd quarter worth approximately $573,000. Prime Capital Investment Advisors LLC increased its stake in CRA International by 34.9% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider’s stock worth $1,700,000 after acquiring an additional 2,551 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in CRA International by 12.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock worth $518,000 after acquiring an additional 324 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in CRA International in the 2nd quarter worth approximately $221,000. Institutional investors own 84.13% of the company’s stock.

Insider Activity at CRA International

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the sale, the chief executive officer now owns 151,712 shares in the company, valued at approximately $29,060,433.60. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

CRA International Stock Performance

Shares of CRA International stock opened at $195.03 on Monday. The stock has a 50 day moving average price of $187.73 and a 200-day moving average price of $175.64. CRA International, Inc. has a one year low of $92.07 and a one year high of $208.38. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 1.71 and a beta of 1.13.

CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. The business had revenue of $167.75 million during the quarter, compared to analyst estimates of $166.83 million. CRA International had a return on equity of 24.46% and a net margin of 6.41%. During the same period in the previous year, the company posted $1.13 EPS. Sell-side analysts predict that CRA International, Inc. will post 7.15 earnings per share for the current fiscal year.

CRA International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be given a dividend of $0.49 per share. This is a positive change from CRA International’s previous quarterly dividend of $0.42. This represents a $1.96 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, November 26th. CRA International’s dividend payout ratio is currently 31.72%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CRAI. Barrington Research lifted their target price on CRA International from $194.00 to $212.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. StockNews.com cut CRA International from a “buy” rating to a “hold” rating in a report on Friday, November 1st.

CRA International Profile

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.