Farther Finance Advisors LLC Buys 108 Shares of CRA International, Inc. (NASDAQ:CRAI)

Farther Finance Advisors LLC increased its stake in shares of CRA International, Inc. (NASDAQ:CRAI) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,418 shares of the business services provider’s stock after acquiring an additional 108 shares during the period. Farther Finance Advisors LLC’s holdings in CRA International were worth $640,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its stake in CRA International by 1.0% in the third quarter. Geode Capital Management LLC now owns 161,208 shares of the business services provider’s stock valued at $28,268,000 after buying an additional 1,559 shares during the period. Eagle Asset Management Inc. raised its stake in CRA International by 178.8% in the third quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider’s stock valued at $25,986,000 after buying an additional 95,050 shares during the period. Lord Abbett & CO. LLC raised its stake in CRA International by 41.9% in the third quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider’s stock valued at $13,699,000 after buying an additional 23,078 shares during the period. Foundry Partners LLC raised its stake in CRA International by 1.0% in the third quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock valued at $3,271,000 after buying an additional 180 shares during the period. Finally, Martingale Asset Management L P raised its stake in CRA International by 20.6% in the third quarter. Martingale Asset Management L P now owns 8,535 shares of the business services provider’s stock valued at $1,496,000 after buying an additional 1,460 shares during the period. Institutional investors own 84.13% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research upped their price objective on CRA International from $212.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, February 24th.

Insider Transactions at CRA International

In related news, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $176.28, for a total transaction of $1,322,100.00. Following the sale, the chief executive officer now owns 142,022 shares of the company’s stock, valued at $25,035,638.16. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $190.51, for a total value of $333,392.50. Following the sale, the executive vice president now directly owns 19,063 shares in the company, valued at $3,631,692.13. This represents a 8.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,850 shares of company stock worth $3,902,083. Company insiders own 5.20% of the company’s stock.

CRA International Trading Down 3.0 %

Shares of NASDAQ CRAI opened at $172.33 on Friday. The firm has a market cap of $1.17 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. CRA International, Inc. has a 1-year low of $133.54 and a 1-year high of $214.01. The business’s 50 day moving average is $187.22 and its 200-day moving average is $184.82.

CRA International (NASDAQ:CRAI) last announced its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.44. The company had revenue of $176.44 million for the quarter, compared to analyst estimates of $166.29 million. CRA International had a return on equity of 25.95% and a net margin of 6.79%. Analysts forecast that CRA International, Inc. will post 7.52 EPS for the current year.

CRA International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.14%. CRA International’s dividend payout ratio (DPR) is currently 29.08%.

About CRA International

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.