CRA International, Inc. (NASDAQ:CRAI) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in shares of CRA International, Inc. (NASDAQ:CRAI) by 13.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,280 shares of the business services provider’s stock after buying an additional 393 shares during the quarter. Farther Finance Advisors LLC’s holdings in CRA International were worth $549,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CRAI. Arkadios Wealth Advisors grew its stake in shares of CRA International by 2.5% during the second 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. Bank of New York Mellon Corp grew its position in shares of CRA International by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider’s stock valued at $10,532,000 after buying an additional 1,705 shares during 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 worth $518,000 after acquiring an additional 324 shares in the last quarter. Swedbank AB purchased a new stake in CRA International in the first quarter valued at $26,924,000. Finally, Kennedy Capital Management LLC grew its holdings in shares of CRA International by 3.6% during the first quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after purchasing an additional 117 shares during the last quarter. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CRA International

In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total value of $155,210.00. Following the sale, the chief financial officer now owns 11,624 shares of the company’s stock, valued at $1,804,161.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $180.86, for a total value of $1,356,450.00. Following the completion of the transaction, the chief executive officer now directly owns 166,712 shares in the company, valued at $30,151,532.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel K. Mahoney sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total transaction of $155,210.00. Following the completion of the sale, the chief financial officer now directly owns 11,624 shares in the company, valued at $1,804,161.04. The disclosure for this sale can be found here. Insiders have sold 18,250 shares of company stock valued at $3,052,170 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.

CRA International Stock Down 3.4 %

Shares of NASDAQ:CRAI opened at $162.87 on Wednesday. CRA International, Inc. has a fifty-two week low of $81.29 and a fifty-two week high of $187.10. The firm’s 50-day simple moving average is $168.08 and its 200-day simple moving average is $158.02. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.52 and a beta of 1.17.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.34. The company had revenue of $171.44 million for the quarter, compared to analyst estimates of $167.87 million. CRA International had a return on equity of 22.37% and a net margin of 6.17%. During the same quarter in the previous year, the company earned $1.42 EPS. On average, research analysts forecast that CRA International, Inc. will post 6.93 EPS for the current year.

CRA International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.03%. CRA International’s payout ratio is 27.45%.

Analyst Upgrades and Downgrades

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

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.