CRA International, Inc. (NASDAQ:CRAI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in shares of CRA International, Inc. (NASDAQ:CRAI – Get Rating) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,971 shares of the business services provider’s stock after selling 13,027 shares during the period. Russell Investments Group Ltd. owned approximately 0.24% of CRA International worth $2,078,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CRAI. Bank of New York Mellon Corp increased its stake in CRA International by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 70,638 shares of the business services provider’s stock valued at $5,952,000 after buying an additional 1,163 shares during the period. US Bancorp DE boosted its position in shares of CRA International by 29.4% during the 1st quarter. US Bancorp DE now owns 563 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 128 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of CRA International by 49.8% during the 1st quarter. MetLife Investment Management LLC now owns 4,337 shares of the business services provider’s stock valued at $365,000 after purchasing an additional 1,442 shares in the last quarter. Ancora Advisors LLC boosted its position in shares of CRA International by 30.4% during the 1st quarter. Ancora Advisors LLC now owns 63,927 shares of the business services provider’s stock valued at $4,772,000 after purchasing an additional 14,889 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of CRA International during the 1st quarter valued at about $58,000. Institutional investors and hedge funds own 85.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CRAI shares. Barrington Research raised their price objective on shares of CRA International from $130.00 to $133.00 in a research report on Wednesday, March 8th. StockNews.com started coverage on shares of CRA International in a research report on Thursday. They set a “hold” rating for the company.

CRA International Price Performance

Shares of CRAI opened at $97.51 on Monday. CRA International, Inc. has a one year low of $79.50 and a one year high of $128.10. The company has a 50-day moving average of $104.44 and a two-hundred day moving average of $114.27. The stock has a market cap of $685.50 million, a price-to-earnings ratio of 17.35, a PEG ratio of 1.38 and a beta of 1.27.

CRA International (NASDAQ:CRAI – Get Rating) last posted its quarterly earnings results on Thursday, March 2nd. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.21). The company had revenue of $144.98 million during the quarter, compared to analysts’ expectations of $148.52 million. CRA International had a return on equity of 20.65% and a net margin of 6.91%. Analysts anticipate that CRA International, Inc. will post 5.43 earnings per share for the current year.

CRA International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Tuesday, May 30th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, May 26th. CRA International’s dividend payout ratio (DPR) is 25.62%.

Insider Transactions at CRA International

In related news, Director Thomas Aiken Avery sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $111.11, for a total transaction of $111,110.00. Following the transaction, the director now owns 15,514 shares of the company’s stock, valued at $1,723,760.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.70% of the stock is owned by insiders.

About CRA International

(Get Rating)

CRA International, Inc is a consulting firm, which engages in provision of economic, financial and management consulting services. It offers consulting services through the litigation, regulatory, financial, and management consulting areas. The company was founded in 1965 and is headquartered in Boston, MA.