Arizona State Retirement System Buys Shares of 2,023 CRA International, Inc. (NASDAQ:CRAI)

Arizona State Retirement System acquired a new position in CRA International, Inc. (NASDAQ:CRAI – Get Rating) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,023 shares of the business services provider’s stock, valued at approximately $248,000.

A number of other hedge funds also recently modified their holdings of CRAI. Bank of New York Mellon Corp lifted its position in shares of CRA International by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 70,638 shares of the business services provider’s stock worth $5,952,000 after acquiring an additional 1,163 shares during the period. US Bancorp DE lifted its position in shares of CRA International by 29.4% in the 1st quarter. US Bancorp DE now owns 563 shares of the business services provider’s stock worth $47,000 after acquiring an additional 128 shares during the period. MetLife Investment Management LLC lifted its position in shares of CRA International by 49.8% in the 1st quarter. MetLife Investment Management LLC now owns 4,337 shares of the business services provider’s stock worth $365,000 after acquiring an additional 1,442 shares during the period. Ancora Advisors LLC lifted its position in shares of CRA International by 30.4% in the 1st quarter. Ancora Advisors LLC now owns 63,927 shares of the business services provider’s stock worth $4,772,000 after acquiring an additional 14,889 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of CRA International in the 1st quarter worth approximately $58,000. Institutional investors own 85.57% of the company’s stock.

CRA International Price Performance

CRA International stock opened at $97.16 on Wednesday. The company has a market capitalization of $683.03 million, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. CRA International, Inc. has a one year low of $80.77 and a one year high of $128.10. The business has a 50 day simple moving average of $103.97 and a 200 day simple moving average of $114.02.

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

CRA International Announces Dividend

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

Insider Buying and Selling

In other CRA International news, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction on Monday, March 6th. The stock was sold at an average price of $111.11, for a total value of $111,110.00. Following the completion of the transaction, the director now owns 15,514 shares in the company, valued at approximately $1,723,760.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on CRAI shares. StockNews.com started coverage on CRA International in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Barrington Research raised their price objective on CRA International from $130.00 to $133.00 in a research report on Wednesday, March 8th.

CRA International Profile

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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.