CRA International (NASDAQ:CRAI) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

CRA International, Inc. (NASDAQ:CRAI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $167.51 and traded as high as $189.79. CRA International shares last traded at $189.78, with a volume of 16,892 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CRA International from a “buy” rating to a “hold” rating in a research note on Thursday.

CRA International Stock Up 0.1 %

The company has a 50 day moving average of $170.79 and a two-hundred day moving average of $167.51. The firm has a market cap of $1.31 billion, a P/E ratio of 31.01, a PEG ratio of 1.66 and a beta of 1.14.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, August 1st. The business services provider reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.34. CRA International had a net margin of 6.17% and a return on equity of 22.37%. The business had revenue of $171.44 million for the quarter, compared to the consensus estimate of $167.87 million. During the same period in the previous year, the firm earned $1.42 EPS. Research analysts expect that CRA International, Inc. will post 6.93 earnings per share for the current fiscal year.

CRA International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Tuesday, August 27th. CRA International’s payout ratio is 27.45%.

Insider Activity

In other CRA International news, CFO Daniel K. Mahoney sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $155.21, for a total transaction of $155,210.00. Following the completion of the sale, the chief financial officer now directly owns 11,624 shares of the company’s stock, valued at approximately $1,804,161.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Daniel K. Mahoney sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $155.21, for a total value of $155,210.00. Following the completion of the sale, the chief financial officer now owns 11,624 shares of the company’s stock, valued at $1,804,161.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jonathan D. Yellin sold 1,250 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.26, for a total value of $197,825.00. Following the transaction, the executive vice president now directly owns 20,361 shares in the company, valued at $3,222,331.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,750 shares of company stock valued at $1,695,720 over the last three months. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CRAI. SG Americas Securities LLC acquired a new stake in shares of CRA International during the 1st quarter valued at $115,000. Russell Investments Group Ltd. boosted its position in CRA International by 21.9% during the first quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 1,912 shares during the last quarter. Isthmus Partners LLC boosted its position in CRA International by 55.3% during the first quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock valued at $4,289,000 after purchasing an additional 10,213 shares during the last quarter. Dearborn Partners LLC grew its stake in CRA International by 22.2% in the first quarter. Dearborn Partners LLC now owns 9,673 shares of the business services provider’s stock valued at $1,447,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its position in CRA International by 3.6% in the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock worth $497,000 after purchasing an additional 117 shares during the last quarter. Institutional investors and hedge funds 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.