CRA International, Inc. (NASDAQ:CRAI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in CRA International, Inc. (NASDAQ:CRAI) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,208 shares of the business services provider’s stock after purchasing an additional 1,559 shares during the quarter. Geode Capital Management LLC owned approximately 2.38% of CRA International worth $28,268,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Martingale Asset Management L P boosted its holdings in shares of CRA International by 20.6% in the 3rd quarter. Martingale Asset Management L P now owns 8,535 shares of the business services provider’s stock valued at $1,496,000 after buying an additional 1,460 shares during the period. BNP Paribas Financial Markets lifted its holdings in CRA International by 102.0% in the third quarter. BNP Paribas Financial Markets now owns 5,348 shares of the business services provider’s stock worth $938,000 after acquiring an additional 2,700 shares during the last quarter. Quantbot Technologies LP bought a new position in CRA International in the third quarter worth about $164,000. Eagle Asset Management Inc. boosted its stake in CRA International by 178.8% in the third quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider’s stock valued at $25,986,000 after acquiring an additional 95,050 shares during the period. Finally, Foundry Partners LLC grew its holdings in shares of CRA International by 1.0% during the third quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock valued at $3,271,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 84.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRAI. Barrington Research boosted their price objective on CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com cut CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

Insiders Place Their Bets

In other news, CEO Paul A. Maleh sold 7,500 shares of the business’s stock in a transaction on 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is owned by insiders.

CRA International Trading Up 0.2 %

Shares of NASDAQ:CRAI opened at $189.11 on Friday. The firm’s 50 day moving average is $192.07 and its two-hundred day moving average is $177.80. The firm has a market capitalization of $1.28 billion, a P/E ratio of 30.60, a PEG ratio of 1.64 and a beta of 1.13. CRA International, Inc. has a 52 week low of $97.31 and a 52 week high of $210.70.

CRA International (NASDAQ:CRAI) last issued 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 analyst estimates 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 in the prior year, the company posted $1.13 EPS. Analysts predict that CRA International, Inc. will post 7.15 EPS for the current year.

CRA International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.49 per share. This is a boost from CRA International’s previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, November 26th. This represents a $1.96 annualized dividend and a yield of 1.04%. CRA International’s dividend payout ratio (DPR) is presently 31.72%.

CRA International 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.