California Public Employees Retirement System lifted its holdings in shares of CRA International, Inc. (NASDAQ:CRAI) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,293 shares of the business services provider’s stock after purchasing an additional 920 shares during the quarter. California Public Employees Retirement System owned 0.46% of CRA International worth $1,587,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. BW Gestao de Investimentos Ltda. bought a new position in shares of CRA International during the 3rd quarter worth approximately $210,000. Rhumbline Advisers boosted its stake in shares of CRA International by 38.6% during the 4th quarter. Rhumbline Advisers now owns 11,790 shares of the business services provider’s stock worth $502,000 after acquiring an additional 3,285 shares during the period. Teachers Advisors LLC boosted its stake in shares of CRA International by 8.4% during the 3rd quarter. Teachers Advisors LLC now owns 18,029 shares of the business services provider’s stock worth $905,000 after acquiring an additional 1,399 shares during the period. Sawgrass Asset Management LLC boosted its stake in shares of CRA International by 36.2% during the 3rd quarter. Sawgrass Asset Management LLC now owns 28,725 shares of the business services provider’s stock worth $1,443,000 after acquiring an additional 7,635 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of CRA International during the 3rd quarter worth approximately $1,874,000. 84.98% of the stock is currently owned by institutional investors and hedge funds.
In other CRA International news, insider Paul A. Maleh sold 25,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $48.46, for a total value of $1,211,500.00. Following the sale, the insider now owns 119,870 shares in the company, valued at approximately $5,808,900.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rowland Moriarty sold 9,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $51.17, for a total value of $460,530.00. Following the completion of the sale, the director now owns 29,847 shares in the company, valued at approximately $1,527,270.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock valued at $2,225,747. Insiders own 4.90% of the company’s stock.
CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, February 28th. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.22. CRA International had a return on equity of 11.89% and a net margin of 5.39%. The company had revenue of $108.80 million during the quarter, compared to analysts’ expectations of $104.63 million. During the same quarter in the previous year, the firm earned $0.70 EPS. CRA International’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts anticipate that CRA International, Inc. will post 2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 12th were issued a $0.20 dividend. The ex-dividend date was Monday, March 11th. This represents a $0.80 dividend on an annualized basis and a yield of 1.54%. CRA International’s payout ratio is presently 29.09%.
CRAI has been the subject of several recent research reports. Zacks Investment Research downgraded CRA International from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub upgraded CRA International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, ValuEngine upgraded CRA International from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th.
About CRA International
CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.
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