Paul A. Maleh Sells 5,000 Shares of CRA International, Inc. (NASDAQ:CRAI) Stock

CRA International, Inc. (NASDAQ:CRAI) CEO Paul A. Maleh sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $105.65, for a total value of $528,250.00. Following the sale, the chief executive officer now directly owns 169,158 shares of the company’s stock, valued at $17,871,542.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CRA International Price Performance

NASDAQ:CRAI opened at $108.02 on Friday. The business has a fifty day simple moving average of $103.78 and a two-hundred day simple moving average of $105.73. CRA International, Inc. has a 1 year low of $81.69 and a 1 year high of $128.10. The company has a market capitalization of $756.14 million, a P/E ratio of 20.04, a P/E/G ratio of 1.52 and a beta of 1.28.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, August 3rd. The business services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. CRA International had a return on equity of 19.73% and a net margin of 6.41%. The business had revenue of $161.97 million during the quarter, compared to the consensus estimate of $156.82 million. As a group, analysts anticipate that CRA International, Inc. will post 5.49 earnings per share for the current year.

CRA International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 29th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, August 28th. CRA International’s dividend payout ratio (DPR) is presently 26.72%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com assumed coverage on CRA International in a research report on Thursday, August 17th. They set a “buy” rating for the company. Barrington Research reissued an “outperform” rating and issued a $133.00 target price on shares of CRA International in a research report on Tuesday, August 8th.

Hedge Funds Weigh In On CRA International

Several hedge funds have recently made changes to their positions in the stock. Copeland Capital Management LLC grew its position in shares of CRA International by 19.7% in the second quarter. Copeland Capital Management LLC now owns 365,838 shares of the business services provider’s stock valued at $37,316,000 after purchasing an additional 60,322 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of CRA International by 465.7% in the fourth quarter. Neuberger Berman Group LLC now owns 312,358 shares of the business services provider’s stock valued at $38,242,000 after purchasing an additional 257,140 shares in the last quarter. Geode Capital Management LLC grew its position in shares of CRA International by 1.9% in the second quarter. Geode Capital Management LLC now owns 138,370 shares of the business services provider’s stock valued at $14,114,000 after purchasing an additional 2,553 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of CRA International by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 70,908 shares of the business services provider’s stock valued at $6,293,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in shares of CRA International by 30.4% in the first quarter. Ancora Advisors LLC now owns 63,927 shares of the business services provider’s stock valued at $4,772,000 after purchasing an additional 14,889 shares in the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

About CRA International

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.