Insider Selling: CRA International, Inc. (NASDAQ:CRAI) EVP Sells 1,750 Shares of Stock

CRA International, Inc. (NASDAQ:CRAI) EVP Jonathan D. Yellin sold 1,750 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $190.51, for a total transaction of $333,392.50. Following the completion of the transaction, the executive vice president now directly owns 19,063 shares in the company, valued at approximately $3,631,692.13. This represents a 8.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CRA International Trading Up 0.4 %

NASDAQ:CRAI opened at $186.06 on Friday. The company’s 50-day moving average price is $188.05 and its 200-day moving average price is $183.94. The company has a market cap of $1.26 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.75 and a beta of 1.09. CRA International, Inc. has a twelve month low of $133.54 and a twelve month high of $214.01.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.44. CRA International had a net margin of 6.79% and a return on equity of 25.95%. The firm had revenue of $176.44 million for the quarter, compared to the consensus estimate of $166.29 million. On average, analysts expect that CRA International, Inc. will post 7.52 earnings per share for the current year.

CRA International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, March 4th. CRA International’s dividend payout ratio (DPR) is presently 29.08%.

Hedge Funds Weigh In On CRA International

A number of institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in CRA International by 2.9% during the third quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after purchasing an additional 86 shares during the period. Farther Finance Advisors LLC increased its position in shares of CRA International by 3.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after acquiring an additional 108 shares during the last quarter. Foundry Partners LLC increased its position in shares of CRA International by 1.0% during the third quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock valued at $3,271,000 after acquiring an additional 180 shares during the last quarter. MetLife Investment Management LLC increased its position 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 valued at $745,000 after acquiring an additional 250 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of CRA International during the third quarter valued at about $164,000. 84.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research raised their price target on shares of CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a research note 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.