Parametric Portfolio Associates LLC lowered its position in CRA International,Inc. (NASDAQ:CRAI) by 23.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 15,723 shares of the business services provider’s stock after selling 4,728 shares during the period. Parametric Portfolio Associates LLC owned 0.18% of CRA International,Inc. worth $555,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. LSV Asset Management boosted its position in shares of CRA International,Inc. by 0.5% in the first quarter. LSV Asset Management now owns 252,446 shares of the business services provider’s stock worth $8,918,000 after buying an additional 1,156 shares during the period. State Street Corp boosted its position in CRA International,Inc. by 1.5% in the fourth quarter. State Street Corp now owns 156,775 shares of the business services provider’s stock valued at $5,736,000 after buying an additional 2,329 shares during the period. Bank of New York Mellon Corp boosted its position in CRA International,Inc. by 3.4% in the first quarter. Bank of New York Mellon Corp now owns 94,409 shares of the business services provider’s stock valued at $3,335,000 after buying an additional 3,063 shares during the period. Teachers Advisors LLC boosted its position 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. Finally, Russell Investments Group Ltd. boosted its position in CRA International,Inc. by 9.7% in the first quarter. Russell Investments Group Ltd. now owns 188,058 shares of the business services provider’s stock valued at $6,645,000 after buying an additional 16,552 shares during the period. Hedge funds and other institutional investors own 85.59% of the company’s stock.
CRA International,Inc. (NASDAQ:CRAI) traded down 0.11% during midday trading on Wednesday, reaching $37.19. The company’s stock had a trading volume of 17,760 shares. The firm has a market cap of $313.44 million, a P/E ratio of 26.64 and a beta of 0.78. The firm has a 50 day moving average of $36.10 and a 200 day moving average of $35.39. CRA International,Inc. has a 52-week low of $25.50 and a 52-week high of $40.00.
CRA International,Inc. (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $93.56 million for the quarter, compared to analysts’ expectations of $88.77 million. CRA International,Inc. had a return on equity of 5.89% and a net margin of 3.47%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 EPS. Analysts anticipate that CRA International,Inc. will post $1.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.56 annualized dividend and a dividend yield of 1.51%. CRA International,Inc.’s payout ratio is 40.29%.
CRA International,Inc. announced that its board has approved a stock repurchase program on Thursday, May 4th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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CRAI has been the topic of several recent analyst reports. Zacks Investment Research cut CRA International,Inc. from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. BidaskClub upgraded CRA International,Inc. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.
CRA International,Inc. Company Profile
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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