CRA International (NASDAQ:CRAI) Shares Pass Above 200-Day Moving Average of $137.46

Shares of CRA International, Inc. (NASDAQ:CRAI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $137.46 and traded as high as $171.75. CRA International shares last traded at $167.45, with a volume of 30,602 shares traded.

Analyst Upgrades and Downgrades

CRAI has been the subject of a number of research analyst reports. StockNews.com lowered CRA International from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Barrington Research reiterated an “outperform” rating and set a $186.00 price target on shares of CRA International in a report on Tuesday, June 11th.

CRA International Price Performance

The business has a 50 day moving average of $168.03 and a 200 day moving average of $137.97. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17.

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

CRA International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, May 24th. CRA International’s dividend payout ratio (DPR) is 27.45%.

Insider Buying and Selling at CRA International

In other CRA International news, Director Christine Rose Detrick sold 2,500 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $164.06, for a total value of $410,150.00. Following the sale, the director now directly owns 4,743 shares in the company, valued at $778,136.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction 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 owns 12,624 shares in the company, valued at $2,196,702.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Rose Detrick sold 2,500 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $164.06, for a total value of $410,150.00. Following the sale, the director now owns 4,743 shares in the company, valued at approximately $778,136.58. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock worth $1,940,610 over the last three months. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On CRA International

Several hedge funds have recently added to or reduced their stakes in CRAI. Swedbank AB acquired a new position in CRA International during the 1st quarter valued at about $26,924,000. Kennedy Capital Management LLC grew its holdings in CRA International by 3.6% during the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after acquiring an additional 117 shares during the period. Dearborn Partners LLC raised its position in shares of CRA International by 22.2% during the 1st quarter. Dearborn Partners LLC now owns 9,673 shares of the business services provider’s stock valued at $1,447,000 after acquiring an additional 1,757 shares during the last quarter. Isthmus Partners LLC lifted its stake in shares of CRA International by 55.3% in the 1st quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock valued at $4,289,000 after purchasing an additional 10,213 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of CRA International by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock worth $1,590,000 after purchasing an additional 1,912 shares during 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.