CRA International (NASDAQ:CRAI) Shares Gap Up to $153.82

CRA International, Inc. (NASDAQ:CRAI)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $153.82, but opened at $160.75. CRA International shares last traded at $160.75, with a volume of 431 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of CRA International from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd.

CRA International Price Performance

The stock has a market cap of $1.14 billion, a P/E ratio of 26.80, a PEG ratio of 1.61 and a beta of 1.22. The stock’s fifty day simple moving average is $145.29 and its 200-day simple moving average is $116.61.

CRA International (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.53. CRA International had a return on equity of 20.80% and a net margin of 6.73%. The business had revenue of $161.61 million during the quarter, compared to analyst estimates of $149.51 million. Analysts forecast that CRA International, Inc. will post 5.99 EPS for the current year.

CRA International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, May 24th. CRA International’s payout ratio is 27.45%.

Insider Buying and Selling at CRA International

In other news, CFO Daniel K. Mahoney sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $138.31, for a total transaction of $138,310.00. Following the completion of the transaction, the chief financial officer now directly owns 10,496 shares in the company, valued at $1,451,701.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Daniel K. Mahoney sold 1,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $138.31, for a total value of $138,310.00. Following the completion of the transaction, the chief financial officer now owns 10,496 shares in the company, valued at approximately $1,451,701.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan D. Yellin sold 1,250 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $136.62, for a total transaction of $170,775.00. Following the sale, the executive vice president now owns 21,587 shares in the company, valued at $2,949,215.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,750 shares of company stock worth $1,487,085. 5.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On CRA International

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of CRA International in the 1st quarter worth approximately $115,000. Harbor Capital Advisors Inc. lifted its position in shares of CRA International by 12.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider’s stock valued at $456,000 after acquiring an additional 519 shares during the last quarter. Bridge City Capital LLC boosted its stake in shares of CRA International by 4.9% during the 1st quarter. Bridge City Capital LLC now owns 4,810 shares of the business services provider’s stock worth $719,000 after acquiring an additional 223 shares in the last quarter. Dearborn Partners LLC grew its holdings in shares of CRA International by 46.2% in the 3rd quarter. Dearborn Partners LLC now owns 7,928 shares of the business services provider’s stock worth $799,000 after acquiring an additional 2,504 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of CRA International by 2.0% during the fourth quarter. BNP Paribas Financial Markets now owns 10,284 shares of the business services provider’s stock valued at $1,017,000 after purchasing an additional 206 shares during the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.

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.