Paul A. Maleh, the CEO of CRA International, Inc. (NASDAQ:CRAI), recently sold 5,000 shares of the company's stock at an average price of $105.65, totaling $528,250. After the transaction, Maleh now owns 169,158 shares of CRA International, valued at $17,871,542.70. The sale was disclosed in a document filed with the SEC.
On Friday, August 25th, CRA International's stock traded down 0.7% to $108.02. The company has a market capitalization of $756.36 million, a price-to-earnings ratio of 20.19, and a beta of 1.28. The stock has a 12-month low of $81.69 and a 12-month high of $128.10. The fifty-day simple moving average is $103.63, and the 200-day simple moving average is $105.94.
In its most recent quarterly earnings report released on August 3rd, CRA International reported earnings per share of $1.42, beating analysts' consensus estimates of $1.35. The company had revenue of $161.97 million for the quarter, compared to analyst estimates of $156.82 million. CRA International's net margin was 6.41% and its return on equity was 19.73%. Analysts expect the company to post earnings per share of 5.49 for the current fiscal year.
CRA International also announced a quarterly dividend, which will be paid on September 8th to shareholders of record on August 29th. The dividend is $0.36 per share, representing an annualized dividend of $1.44 and a yield of 1.33%. The company's dividend payout ratio is currently 26.72%.
Several research analysts have recently issued reports on CRA International. StockNews.com initiated coverage on the stock and gave it a 'buy' rating. Barrington Research reissued an 'outperform' rating and set a price target of $133.00.
Institutional investors have made changes to their positions in CRA International. Sunbelt Securities Inc. and Dorsey Wright & Associates both acquired new stakes in the company. US Bancorp DE increased its stake by 29.4% and Quantbot Technologies LP also acquired a new stake. Captrust Financial Advisors grew its position by 588.3%. Currently, 88.03% of the stock is owned by institutional investors.
CRA International, Inc. provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. The company advises clients on economic and financial matters related to litigation and regulatory proceedings, as well as guides corporations through business strategy and performance-related issues.