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

CRA International, Inc. (NASDAQ:CRAI)’s stock 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.

Analyst Ratings Changes

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

CRA International Trading Up 1.4 %

The firm has a 50 day moving average price of $145.29 and a 200 day moving average price of $116.61. The stock has a market capitalization of $1.14 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.61 and a beta of 1.22.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, February 29th. The business services provider reported $1.63 EPS for the quarter, topping 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 analysts’ expectations of $149.51 million. On average, equities research analysts expect 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. Investors of record on Tuesday, May 28th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, May 24th. CRA International’s dividend payout ratio is currently 27.45%.

Insiders Place Their Bets

In other news, CFO Daniel K. Mahoney sold 1,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was 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 of the company’s stock, valued at $1,451,701.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total transaction of $1,039,950.00. Following the completion of the transaction, the chief executive officer now owns 170,280 shares of the company’s stock, valued at approximately $23,611,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel K. Mahoney sold 1,000 shares of the firm’s 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 transaction, the chief financial officer now owns 10,496 shares of the company’s stock, valued at approximately $1,451,701.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,750 shares of company stock worth $1,487,085. Corporate insiders own 5.30% of the company’s stock.

Hedge Funds Weigh In On CRA International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of CRA International by 2.0% during the 4th quarter. BNP Paribas Financial Markets now owns 10,284 shares of the business services provider’s stock worth $1,017,000 after acquiring an additional 206 shares in the last quarter. Bridge City Capital LLC raised its stake in CRA International by 4.9% during the first quarter. Bridge City Capital LLC now owns 4,810 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 223 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in CRA International by 12.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,615 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 519 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of CRA International in the 1st quarter worth $115,000. Finally, Isthmus Partners LLC increased its holdings in shares of CRA International by 5.7% in the 4th quarter. Isthmus Partners LLC now owns 18,462 shares of the business services provider’s stock worth $1,825,000 after buying an additional 989 shares during the last quarter. 84.13% of the stock is owned by institutional investors.

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.