Rice Hall James & Associates LLC decreased its stake in CRA International,Inc. (NASDAQ:CRAI) by 5.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 42,369 shares of the business services provider’s stock after selling 2,376 shares during the period. Rice Hall James & Associates LLC owned approximately 0.50% of CRA International,Inc. worth $1,539,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CRAI. Nordea Investment Management AB purchased a new stake in CRA International,Inc. during the first quarter valued at $145,000. SG Americas Securities LLC purchased a new stake in CRA International,Inc. during the first quarter valued at $312,000. Teachers Advisors LLC boosted its stake in CRA International,Inc. by 18.3% in the fourth quarter. Teachers Advisors LLC now owns 20,470 shares of the business services provider’s stock valued at $749,000 after buying an additional 3,160 shares during the period. Systematic Financial Management LP purchased a new stake in CRA International,Inc. during the first quarter valued at $1,341,000. Finally, Geode Capital Management LLC boosted its stake in CRA International,Inc. by 5.2% in the first quarter. Geode Capital Management LLC now owns 70,652 shares of the business services provider’s stock valued at $2,496,000 after buying an additional 3,517 shares during the period. Institutional investors own 89.37% of the company’s stock.
CRA International,Inc. (NASDAQ CRAI) opened at 36.29 on Wednesday. CRA International,Inc. has a 52 week low of $25.50 and a 52 week high of $40.00. The company has a market capitalization of $298.45 million, a price-to-earnings ratio of 26.00 and a beta of 0.78. The company’s 50-day moving average is $36.51 and its 200 day moving average is $35.56.
CRA International,Inc. (NASDAQ:CRAI) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.41 by $0.07. CRA International,Inc. had a net margin of 3.47% and a return on equity of 5.89%. The company had revenue of $93.56 million for the quarter, compared to the consensus estimate of $88.77 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts forecast that CRA International,Inc. will post $1.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 29th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, August 25th. CRA International,Inc.’s payout ratio is 40.29%.
CRA International,Inc. declared that its Board of Directors has initiated a share buyback plan on Thursday, May 4th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of CRA International,Inc. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of CRA International,Inc. from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a research report on Monday, July 31st.
About CRA International,Inc.
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.
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