Insider Selling: CRA International, Inc. (NASDAQ:CRAI) CFO Sells $185,800.00 in Stock

CRA International, Inc. (NASDAQ:CRAI) CFO Daniel K. Mahoney sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $185.80, for a total transaction of $185,800.00. Following the transaction, the chief financial officer now owns 12,153 shares in the company, valued at $2,258,027.40. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CRA International Trading Up 1.9 %

Shares of CRA International stock opened at $184.00 on Thursday. CRA International, Inc. has a 52 week low of $133.54 and a 52 week high of $214.01. The stock has a market cap of $1.25 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. The company’s 50-day moving average price is $187.61 and its two-hundred day moving average price is $184.67.

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

CRA International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.07%. CRA International’s dividend payout ratio (DPR) is presently 29.08%.

Hedge Funds Weigh In On CRA International

A number of hedge funds have recently modified their holdings of CRAI. Quantbot Technologies LP acquired a new position in shares of CRA International in the 3rd quarter valued at $164,000. Ameriprise Financial Inc. purchased a new stake in CRA International during the fourth quarter valued at about $249,000. KLP Kapitalforvaltning AS acquired a new position in shares of CRA International in the fourth quarter worth about $281,000. Harbor Capital Advisors Inc. increased its position in shares of CRA International by 4.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider’s stock worth $607,000 after acquiring an additional 150 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings 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 period. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lifted 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.

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.