CRA International (NASDAQ:CRAI) Stock Crosses Above 200-Day Moving Average of $163.00

Shares of CRA International, Inc. (NASDAQ:CRAI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $163.00 and traded as high as $175.65. CRA International shares last traded at $175.32, with a volume of 85,633 shares changing hands.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $186.00 price target on shares of CRA International in a research report on Tuesday, June 11th.

CRA International Price Performance

The business’s 50-day moving average price is $164.48 and its 200 day moving average price is $163.00. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.51 and a beta of 1.15.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, August 1st. The business services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.34. CRA International had a net margin of 6.17% and a return on equity of 22.37%. The business had revenue of $171.44 million for the quarter, compared to analysts’ expectations of $167.87 million. During the same period in the previous year, the company posted $1.42 earnings per share. As a group, sell-side analysts expect that CRA International, Inc. will post 6.93 earnings per share for the current year.

CRA International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.96%. CRA International’s payout ratio is currently 27.45%.

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 Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the transaction, the chief executive officer now directly owns 159,212 shares of the company’s stock, valued at $25,208,035.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Jonathan D. Yellin sold 1,250 shares of CRA International stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.26, for a total value of $197,825.00. Following the completion of the sale, the executive vice president now owns 20,361 shares in the company, valued at $3,222,331.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the completion of the sale, the chief executive officer now owns 159,212 shares of the company’s stock, valued at approximately $25,208,035.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,750 shares of company stock valued at $1,695,720. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of CRA International

A number of hedge funds and other institutional investors have recently made changes to their positions in CRAI. Bridge City Capital LLC increased its stake in shares of CRA International by 4.9% in the first quarter. Bridge City Capital LLC now owns 4,810 shares of the business services provider’s stock worth $719,000 after buying an additional 223 shares during the last quarter. SG Americas Securities LLC bought a new stake in CRA International during the first quarter valued at $115,000. Russell Investments Group Ltd. increased its stake in CRA International by 21.9% during the first quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 1,912 shares during the last quarter. Isthmus Partners LLC increased its stake in CRA International by 55.3% during the first 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 last quarter. Finally, Dearborn Partners LLC increased its stake in CRA International by 22.2% during the first quarter. Dearborn Partners LLC now owns 9,673 shares of the business services provider’s stock valued at $1,447,000 after purchasing an additional 1,757 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.