By otakuyassine3@gmail.com 
CRA International, Inc. (NASDAQ:CRAI – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $210.70 and last traded at $207.54, with a volume of 42518 shares changing hands. The stock had previously closed at $203.93.
Wall Street Analyst Weigh In
CRAI has been the subject of several research reports. StockNews.com lowered CRA International from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Barrington Research increased their price target on CRA International from $194.00 to $212.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.
Read Our Latest Research Report on CRAI
CRA International Stock Up 1.2 %
The company has a market cap of $1.40 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 1.64 and a beta of 1.13. The firm’s 50-day moving average price is $191.92 and its 200-day moving average price is $177.20.
CRA International (NASDAQ:CRAI – Get Free Report) last issued its earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. The business had revenue of $167.75 million for the quarter, compared to analysts’ expectations of $166.83 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. During the same quarter in the previous year, the firm posted $1.13 EPS. As a group, analysts forecast that CRA International, Inc. will post 7.15 earnings per share for the current year.
CRA International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Tuesday, November 26th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 26th. This is a positive change from CRA International’s previous quarterly dividend of $0.42. CRA International’s payout ratio is presently 31.72%.
Insider Transactions at CRA International
In other news, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the completion of the transaction, the chief executive officer now directly owns 151,712 shares in the company, valued at $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 is available at this link. Insiders own 5.20% of the company’s stock.
Institutional Investors Weigh In On CRA International
Several large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of CRA International during the 3rd quarter valued at about $164,000. Marshall Wace LLP bought a new stake in CRA International during the second quarter valued at approximately $221,000. Arkadios Wealth Advisors grew its stake in CRA International by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after buying an additional 74 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of CRA International by 2.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after buying an additional 86 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of CRA International by 13.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,280 shares of the business services provider’s stock valued at $549,000 after buying an additional 393 shares in the last quarter. Institutional investors own 84.13% of the company’s stock.
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.
Further Reading
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