CRA International (NASDAQ:CRAI) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

CRA International, Inc. (NASDAQ:CRAI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $183.75 and traded as high as $196.13. CRA International shares last traded at $195.43, with a volume of 73,522 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barrington Research raised their target price on shares of CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a report on Monday, February 24th.

CRA International Price Performance

The business’s fifty day moving average price is $172.64 and its 200-day moving average price is $183.68. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 1.75 and a beta of 0.87.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.22 EPS for the quarter, beating the consensus estimate of $1.93 by $0.29. CRA International had a net margin of 6.79% and a return on equity of 25.95%. The company had revenue of $181.85 million during the quarter, compared to analysts’ expectations of $176.63 million. Equities research analysts predict that CRA International, Inc. will post 7.52 earnings per share for the current fiscal year.

CRA International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.00%. The ex-dividend date is Tuesday, May 27th. CRA International’s dividend payout ratio is currently 26.45%.

Insider Transactions at CRA International

In other CRA International news, CEO Paul A. Maleh sold 2,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $199.37, for a total transaction of $398,740.00. Following the completion of the sale, the chief executive officer now owns 153,806 shares in the company, valued at $30,664,302.22. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Aiken Avery sold 1,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $199.05, for a total value of $199,050.00. Following the completion of the transaction, the director now owns 14,669 shares of the company’s stock, valued at $2,919,864.45. This trade represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,600 shares of company stock valued at $4,231,888. 4.70% of the stock is currently owned by corporate insiders.

Institutional Trading of CRA International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRAI. KLP Kapitalforvaltning AS acquired a new position in shares of CRA International during the fourth quarter worth $281,000. United Capital Financial Advisors LLC acquired a new stake in CRA International in the fourth quarter valued at about $9,389,000. Summit Global Investments acquired a new stake in shares of CRA International during the 4th quarter valued at approximately $656,000. Farther Finance Advisors LLC lifted its position in shares of CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after acquiring an additional 108 shares during the period. Finally, Foundry Partners LLC lifted its position in shares of CRA International by 56.0% during the 4th quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock valued at $5,450,000 after acquiring an additional 10,455 shares during the period. Hedge funds and other institutional investors own 84.13% of the company’s stock.

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.