California Public Employees Retirement System lowered its position in shares of CRA International,Inc. (NASDAQ:CRAI) by 7.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,300 shares of the business services provider’s stock after selling 4,400 shares during the period. California Public Employees Retirement System owned approximately 0.66% of CRA International,Inc. worth $1,954,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. LSV Asset Management boosted its stake in 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. Russell Investments Group Ltd. boosted its stake 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 last quarter. State Street Corp boosted its stake 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 last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 worth $3,335,000 after buying an additional 3,063 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of CRA International,Inc. during the first quarter worth approximately $1,341,000. Institutional investors own 89.37% of the company’s stock.
CRA International,Inc. (NASDAQ:CRAI) traded up 1.71% during mid-day trading on Friday, hitting $35.76. 68,600 shares of the stock traded hands. The firm’s 50-day moving average price is $36.54 and its 200-day moving average price is $35.58. CRA International,Inc. has a 52 week low of $25.85 and a 52 week high of $40.00. The firm has a market cap of $294.09 million, a P/E ratio of 25.62 and a beta of 0.78.
CRA International,Inc. (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.07. The business had revenue of $93.56 million for the quarter, compared to the consensus estimate of $88.77 million. CRA International,Inc. had a net margin of 3.47% and a return on equity of 5.89%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. On average, equities analysts forecast that CRA International,Inc. will post $1.55 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, August 25th. CRA International,Inc.’s dividend payout ratio is presently 40.29%.
CRA International,Inc. announced that its board has authorized a share buyback program on Thursday, May 4th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have commented on CRAI. BidaskClub upgraded shares of CRA International,Inc. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised 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 report on Monday, July 31st.
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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