CRA International, Inc. (NASDAQ:CRAI) CEO Sells $1,322,100.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction that occurred on 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 directly owns 142,022 shares in the company, valued at $25,035,638.16. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

CRA International Trading Down 3.0 %

NASDAQ:CRAI opened at $172.33 on Friday. The stock 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. The stock has a 50-day moving average price of $187.22 and a two-hundred day moving average price of $184.68. CRA International, Inc. has a 1 year low of $133.54 and a 1 year high of $214.01.

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

CRA International Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On CRA International

Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. acquired a new stake in shares of CRA International in the 4th quarter valued at about $249,000. MetLife Investment Management LLC grew its holdings in shares of CRA International by 6.7% during the fourth quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock worth $745,000 after buying an additional 250 shares in the last quarter. United Capital Financial Advisors LLC acquired a new stake in CRA International in the 4th quarter valued at approximately $9,389,000. Foundry Partners LLC lifted its stake in CRA International by 56.0% in the 4th quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock valued at $5,450,000 after acquiring an additional 10,455 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in CRA International during the 4th quarter worth approximately $281,000. 84.13% of the stock is owned by institutional investors.

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.