Quantbot Technologies LP Makes New $164,000 Investment in CRA International, Inc. (NASDAQ:CRAI)

Quantbot Technologies LP acquired a new stake in shares of CRA International, Inc. (NASDAQ:CRAI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 936 shares of the business services provider’s stock, valued at approximately $164,000.

Several other large investors also recently made changes to their positions in the business. Marshall Wace LLP purchased a new position in shares of CRA International in the second quarter worth approximately $221,000. Arkadios Wealth Advisors grew its position in CRA International by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after purchasing an additional 74 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in CRA International by 12.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 324 shares during the period. SG Americas Securities LLC purchased a new stake in shares of CRA International in the third quarter valued at $573,000. Finally, Farther Finance Advisors LLC boosted its position in shares of CRA International by 13.6% in the second quarter. Farther Finance Advisors LLC now owns 3,280 shares of the business services provider’s stock worth $549,000 after buying an additional 393 shares during the period. Institutional investors own 84.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the transaction, the chief executive officer now owns 151,712 shares of the company’s stock, valued at approximately $29,060,433.60. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CRAI shares. StockNews.com downgraded CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barrington Research upped their target price on CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

CRA International Stock Down 3.0 %

CRAI stock opened at $187.29 on Friday. CRA International, Inc. has a 12-month low of $95.15 and a 12-month high of $208.38. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.68 and a beta of 1.13. The company has a 50 day moving average of $189.33 and a two-hundred day moving average of $176.11.

CRA International (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.19. CRA International had a net margin of 6.41% and a return on equity of 24.46%. The business had revenue of $167.75 million during the quarter, compared to analyst estimates of $166.83 million. During the same quarter in the previous year, the business earned $1.13 EPS. On average, research analysts anticipate that CRA International, Inc. will post 7.15 EPS for the current year.

CRA International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, November 26th. This is a boost from CRA International’s previous quarterly dividend of $0.42. CRA International’s payout ratio is currently 31.72%.

CRA International 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.