CRA International (NASDAQ:CRAI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

CRA International, Inc. (NASDAQ:CRAI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $177.72 and traded as high as $190.27. CRA International shares last traded at $188.73, with a volume of 16,316 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRAI shares. StockNews.com lowered CRA International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Barrington Research upped their price target on shares of CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

CRA International Trading Up 2.9 %

The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.64 and a beta of 1.13. The company has a 50 day simple moving average of $192.22 and a 200-day simple moving average of $177.72.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.19. The business had revenue of $167.75 million during the quarter, compared to the consensus estimate of $166.83 million. CRA International had a return on equity of 24.46% and a net margin of 6.41%. During the same period last year, the company earned $1.13 earnings per share. Equities analysts forecast that CRA International, Inc. will post 7.15 earnings per share for the current fiscal year.

CRA International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, November 26th. This is a positive change from CRA International’s previous quarterly dividend of $0.42. CRA International’s payout ratio is currently 31.72%.

Insider Buying and Selling

In related news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $191.55, for a total value of $1,436,625.00. Following the sale, the chief executive officer now owns 151,712 shares of the company’s stock, valued at approximately $29,060,433.60. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CRAI. Arkadios Wealth Advisors raised its stake in shares of CRA International by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after purchasing an additional 74 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in CRA International by 2.9% during the third quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after acquiring an additional 86 shares in the last quarter. Foundry Partners LLC raised its position in CRA International by 1.0% during the third quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after acquiring an additional 180 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in CRA International by 13.6% in the second quarter. Farther Finance Advisors LLC now owns 3,280 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 393 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of CRA International in the 3rd quarter valued at about $164,000. 84.13% of the stock is 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.