Paul A. Maleh Sells 7,500 Shares of CRA International, Inc. (NASDAQ:CRAI) Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $176.28, for a total transaction of $1,322,100.00. Following the transaction, the chief executive officer now owns 142,022 shares of the company’s stock, valued at approximately $25,035,638.16. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CRA International Trading Down 3.0 %

Shares of CRAI opened at $172.33 on Friday. The company’s fifty day simple moving average is $187.22 and its 200 day simple moving average is $184.68. CRA International, Inc. has a 1-year low of $133.54 and a 1-year high of $214.01. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.75 and a beta of 1.09.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.44. The company had revenue of $176.44 million during the quarter, compared to the consensus estimate of $166.29 million. CRA International had a net margin of 6.79% and a return on equity of 25.95%. As a group, research analysts forecast that CRA International, Inc. will post 7.52 earnings per share for the current year.

CRA International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were paid a $0.49 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.96 annualized dividend and a yield of 1.14%. CRA International’s dividend payout ratio is 29.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CRAI. Farther Finance Advisors LLC lifted its holdings in CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after purchasing an additional 108 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of CRA International by 4.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider’s stock worth $607,000 after buying an additional 150 shares during the period. Foundry Partners LLC grew its stake in CRA International by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock valued at $3,271,000 after buying an additional 180 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in CRA International by 6.7% during the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock worth $745,000 after purchasing an additional 250 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in CRA International in the 3rd quarter valued at $164,000. 84.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research increased their price target on CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research report on Monday, February 24th.

CRA International Company 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.