CRA International (NASDAQ:CRAI) Reaches New 12-Month High at $162.99

CRA International, Inc. (NASDAQ:CRAI)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $162.99 and last traded at $153.92, with a volume of 1160 shares trading hands. The stock had previously closed at $149.53.

Analysts Set New Price Targets

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

CRA International Stock Up 0.1 %

The company has a market cap of $1.06 billion, a PE ratio of 28.49, a PEG ratio of 1.59 and a beta of 1.22. The company has a 50-day moving average of $141.76 and a 200-day moving average of $114.79.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, February 29th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.53. CRA International had a net margin of 6.17% and a return on equity of 19.01%. The company had revenue of $161.61 million during the quarter, compared to analyst estimates of $149.51 million. As a group, equities analysts predict that CRA International, Inc. will post 5.88 EPS for the current year.

CRA International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Monday, March 11th. CRA International’s payout ratio is 31.11%.

Insider Transactions at CRA International

In other news, EVP Jonathan D. Yellin sold 1,250 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $136.62, for a total transaction of $170,775.00. Following the completion of the transaction, the executive vice president now directly owns 21,587 shares of the company’s stock, valued at $2,949,215.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Thomas Aiken Avery sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $138.05, for a total transaction of $138,050.00. Following the completion of the sale, the director now owns 15,504 shares of the company’s stock, valued at $2,140,327.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jonathan D. Yellin sold 1,250 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $136.62, for a total transaction of $170,775.00. Following the transaction, the executive vice president now owns 21,587 shares in the company, valued at approximately $2,949,215.94. The disclosure for this sale can be found here. In the last three months, insiders sold 10,750 shares of company stock worth $1,487,085. 5.30% of the stock is currently owned by corporate insiders.

Institutional Trading of CRA International

A number of hedge funds and other institutional investors have recently bought and sold shares of CRAI. Harbor Capital Advisors Inc. boosted its holdings 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 purchasing an additional 519 shares during the last quarter. Bridge City Capital LLC lifted 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 purchasing an additional 223 shares during the last quarter. Dearborn Partners LLC boosted its stake in CRA International by 46.2% in the third quarter. Dearborn Partners LLC now owns 7,928 shares of the business services provider’s stock valued at $799,000 after acquiring an additional 2,504 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in CRA International by 2.0% in the fourth 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. Finally, Isthmus Partners LLC increased its holdings in 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 period. Hedge funds and other institutional investors own 84.13% of the company’s stock.

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.