CRA International, Inc. (NASDAQ:CRAI) Holdings Raised by Foundry Partners LLC

Foundry Partners LLC grew its position in CRA International, Inc. (NASDAQ:CRAI) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,660 shares of the business services provider’s stock after acquiring an additional 180 shares during the quarter. Foundry Partners LLC owned approximately 0.28% of CRA International worth $3,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Swedbank AB bought a new position in CRA International during the 1st quarter worth $26,924,000. Bank of New York Mellon Corp boosted its position in CRA International by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider’s stock worth $10,532,000 after acquiring an additional 1,705 shares during the period. Russell Investments Group Ltd. boosted its position in CRA International by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 1,912 shares during the period. Prime Capital Investment Advisors LLC boosted its position in CRA International by 34.9% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider’s stock worth $1,700,000 after acquiring an additional 2,551 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in CRA International by 48.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,460 shares of the business services provider’s stock worth $782,000 after acquiring an additional 1,460 shares during the period. 84.13% of the stock is currently owned by institutional investors.

CRA International Stock Performance

Shares of CRAI stock opened at $189.33 on Friday. The stock’s 50 day simple moving average is $184.32 and its 200 day simple moving average is $174.24. CRA International, Inc. has a twelve month low of $92.07 and a twelve month high of $208.38. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 1.68 and a beta of 1.13.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, October 31st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. CRA International had a return on equity of 24.46% and a net margin of 6.41%. The firm had revenue of $167.75 million for the quarter, compared to analyst estimates of $166.83 million. During the same quarter last year, the firm posted $1.13 EPS. On average, analysts forecast that CRA International, Inc. will post 7.08 EPS for the current fiscal year.

CRA International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from CRA International’s previous quarterly dividend of $0.42. CRA International’s payout ratio is presently 27.18%.

Insider Transactions at CRA International

In related news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the completion of the sale, the chief executive officer now directly owns 151,712 shares of the company’s stock, valued at $29,060,433.60. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on CRAI shares. Barrington Research raised their target price on CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com downgraded CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

CRA International Company Profile

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.