CRA International, Inc. (NASDAQ:CRAI – Get Rating) shares saw unusually-strong trading volume on Monday . Approximately 2,436 shares traded hands during mid-day trading, a decline of 93% from the previous session's volume of 34,950 shares.The stock last traded at $118.96 and had previously closed at $121.89.
Wall Street Analyst Weigh In
A number of analysts have weighed in on CRAI shares. Barrington Research raised their price target on CRA International from $120.00 to $130.00 and gave the company an "outperform" rating in a research note on Monday, November 7th. StockNews.com upgraded CRA International from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 4th.
Get CRA International alerts:CRA International Price Performance
The company has a market capitalization of $841.57 million, a price-to-earnings ratio of 20.54, a PEG ratio of 1.35 and a beta of 1.32. The stock has a 50 day simple moving average of $106.66 and a two-hundred day simple moving average of $95.75.
CRA International (NASDAQ:CRAI – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The business services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.41. The company had revenue of $148.44 million for the quarter, compared to analyst estimates of $147.23 million. CRA International had a return on equity of 21.52% and a net margin of 7.51%. Equities research analysts predict that CRA International, Inc. will post 6.16 EPS for the current year.CRA International Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Tuesday, November 29th will be issued a dividend of $0.36 per share. This is a positive change from CRA International's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.22%. CRA International's dividend payout ratio (DPR) is presently 24.57%.
Hedge Funds Weigh In On CRA International
Several hedge funds have recently made changes to their positions in the company. Copeland Capital Management LLC grew its holdings in shares of CRA International by 1.8% during the third quarter. Copeland Capital Management LLC now owns 338,362 shares of the business services provider's stock worth $30,026,000 after purchasing an additional 6,115 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CRA International by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 70,908 shares of the business services provider's stock worth $6,293,000 after purchasing an additional 2,381 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of CRA International by 30.4% during the first quarter. Ancora Advisors LLC now owns 63,927 shares of the business services provider's stock worth $4,772,000 after purchasing an additional 14,889 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of CRA International by 0.7% during the second quarter. Eagle Asset Management Inc. now owns 57,444 shares of the business services provider's stock worth $5,130,000 after buying an additional 417 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of CRA International by 1,301.5% during the third quarter. Neuberger Berman Group LLC now owns 55,218 shares of the business services provider's stock worth $4,900,000 after buying an additional 51,278 shares during the last quarter. Hedge funds and other institutional investors own 85.57% of the company's stock.
CRA International Company Profile
(Get Rating)
CRA International, Inc, together with its subsidiaries, 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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