Geode Capital Management LLC Purchases 176 Shares of CRA International, Inc. (NASDAQ:CRAI)

Geode Capital Management LLC grew its position in shares of CRA International, Inc. (NASDAQ:CRAI) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,384 shares of the business services provider’s stock after acquiring an additional 176 shares during the quarter. Geode Capital Management LLC’s holdings in CRA International were worth $30,218,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CRAI. KLP Kapitalforvaltning AS acquired a new position in CRA International during the fourth quarter worth $281,000. Summit Global Investments acquired a new stake in CRA International in the 4th quarter valued at $656,000. Farther Finance Advisors LLC lifted its position in CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock worth $640,000 after buying an additional 108 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of CRA International by 4.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,245 shares of the business services provider’s stock worth $607,000 after buying an additional 150 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of CRA International by 41.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider’s stock valued at $13,699,000 after acquiring an additional 23,078 shares in the last quarter. 84.13% of the stock is owned by institutional investors.

CRA International Trading Down 1.1 %

NASDAQ CRAI opened at $165.07 on Thursday. CRA International, Inc. has a 12 month low of $133.54 and a 12 month high of $214.01. The stock has a 50 day moving average of $180.82 and a 200-day moving average of $185.74. The company has a market cap of $1.12 billion, a PE ratio of 24.49, a PEG ratio of 1.75 and a beta of 0.96.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.44. The firm had revenue of $176.44 million during the quarter, compared to analysts’ expectations of $166.29 million. CRA International had a net margin of 6.79% and a return on equity of 25.95%. As a group, sell-side analysts predict that CRA International, Inc. will post 7.52 EPS for the current fiscal year.

CRA International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, March 4th. CRA International’s payout ratio is currently 29.08%.

Analyst Ratings Changes

Separately, Barrington Research upped their target price on CRA International from $212.00 to $224.00 and gave the stock an “outperform” rating in a report on Monday, February 24th.

Insider Buying and Selling at CRA International

In related news, Director Thomas Aiken Avery sold 1,000 shares of CRA International stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $199.05, for a total transaction of $199,050.00. Following the completion of the sale, the director now owns 14,669 shares of the company’s stock, valued at approximately $2,919,864.45. The trade was a 6.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Paul A. Maleh sold 7,600 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $192.50, for a total transaction of $1,463,000.00. Following the completion of the transaction, the chief executive officer now owns 145,806 shares in the company, valued at approximately $28,067,655. This trade represents a 4.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,850 shares of company stock worth $3,902,083 over the last 90 days. Company insiders own 5.20% 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.