CRA International (NASDAQ:CRAI) Shares Pass Above 200-Day Moving Average of $137.46

CRA International, Inc. (NASDAQ:CRAI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $137.46 and traded as high as $171.75. CRA International shares last traded at $167.45, with a volume of 30,602 shares traded.

Analyst Ratings Changes

CRAI has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and set a $186.00 price objective on shares of CRA International in a research report on Tuesday, June 11th. StockNews.com downgraded shares of CRA International from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd.

CRA International Stock Performance

The stock’s fifty day moving average price is $168.03 and its 200-day moving average price is $137.97. The firm has a market cap of $1.19 billion, a PE ratio of 28.17, a P/E/G ratio of 1.74 and a beta of 1.17.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.57. The business had revenue of $171.79 million during the quarter, compared to the consensus estimate of $160.67 million. CRA International had a net margin of 6.73% and a return on equity of 20.80%. Sell-side analysts forecast that CRA International, Inc. will post 6.19 earnings per share for the current fiscal year.

CRA International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.97%. CRA International’s dividend payout ratio is presently 27.45%.

Insider Activity

In related news, Director Christine Rose Detrick sold 2,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.06, for a total value of $410,150.00. Following the sale, the director now directly owns 4,743 shares of the company’s stock, valued at approximately $778,136.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Christine Rose Detrick sold 2,500 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.06, for a total value of $410,150.00. Following the sale, the director now directly owns 4,743 shares of the company’s stock, valued at approximately $778,136.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $180.86, for a total transaction of $1,356,450.00. Following the completion of the sale, the chief executive officer now directly owns 166,712 shares in the company, valued at $30,151,532.32. The disclosure for this sale can be found here. Insiders sold 11,000 shares of company stock worth $1,940,610 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CRA International

Several hedge funds have recently modified their holdings of CRAI. Swedbank AB acquired a new stake in shares of CRA International during the 1st quarter worth about $26,924,000. Spinnaker Trust acquired a new stake in shares of CRA International in the fourth quarter worth approximately $1,953,000. Isthmus Partners LLC boosted its position in shares of CRA International by 55.3% in the first quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock worth $4,289,000 after acquiring an additional 10,213 shares during the last quarter. Foundry Partners LLC boosted its position in shares of CRA International by 7.5% in the fourth quarter. Foundry Partners LLC now owns 46,555 shares of the business services provider’s stock worth $4,602,000 after acquiring an additional 3,245 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of CRA International by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 1,912 shares during the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.

About CRA International

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.