CRA International, Inc. (NASDAQ:CRAI) CFO Sells $174,010.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) CFO Daniel K. Mahoney sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $174.01, for a total transaction of $174,010.00. Following the sale, the chief financial officer now directly owns 12,624 shares of the company’s stock, valued at approximately $2,196,702.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

CRA International Stock Performance

Shares of NASDAQ:CRAI opened at $171.84 on Friday. CRA International, Inc. has a 52-week low of $81.29 and a 52-week high of $178.52. The business’s 50 day simple moving average is $152.66 and its two-hundred day simple moving average is $122.94. The firm has a market cap of $1.19 billion, a P/E ratio of 28.08, a PEG ratio of 1.72 and a beta of 1.22.

CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.57. CRA International had a return on equity of 20.80% and a net margin of 6.73%. The company had revenue of $171.79 million for the quarter, compared to analyst estimates of $160.67 million. On average, equities analysts forecast that CRA International, Inc. will post 6.19 earnings per share for the current fiscal year.

CRA International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, May 24th. CRA International’s dividend payout ratio (DPR) is 27.45%.

Institutional Investors Weigh In On CRA International

Several hedge funds and other institutional investors have recently made changes to their positions in CRAI. Kennedy Capital Management LLC lifted its position in CRA International by 3.6% in the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 117 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of CRA International by 2.0% in 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 holdings in shares of CRA International by 4.9% in the first quarter. Bridge City Capital LLC now owns 4,810 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 223 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of CRA International by 12.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider’s stock valued at $456,000 after buying an additional 519 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of CRA International during the first quarter valued at approximately $115,000. 84.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRAI. Barrington Research increased their target price on shares of CRA International from $151.00 to $186.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. StockNews.com cut shares of CRA International from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd.

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.