Ameriprise Financial Inc. acquired a new stake in CRA International,Inc. (NASDAQ:CRAI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,227 shares of the business services provider’s stock, valued at approximately $444,000. Ameriprise Financial Inc. owned 0.15% of CRA International,Inc. at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Falcon Point Capital LLC grew its stake in CRA International,Inc. by 0.8% in the 2nd quarter. Falcon Point Capital LLC now owns 44,669 shares of the business services provider’s stock valued at $1,622,000 after purchasing an additional 359 shares during the period. Teachers Advisors LLC grew its stake in CRA International,Inc. by 5.2% in the 2nd quarter. Teachers Advisors LLC now owns 16,174 shares of the business services provider’s stock valued at $587,000 after purchasing an additional 798 shares during the period. Bank of New York Mellon Corp lifted its position in shares of CRA International,Inc. by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 96,667 shares of the business services provider’s stock valued at $3,511,000 after buying an additional 2,258 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of CRA International,Inc. by 5.2% during the 1st quarter. Geode Capital Management LLC now owns 70,652 shares of the business services provider’s stock valued at $2,496,000 after buying an additional 3,517 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of CRA International,Inc. by 21.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 49,213 shares of the business services provider’s stock valued at $1,787,000 after buying an additional 8,835 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

CRA International,Inc. (NASDAQ:CRAI) opened at $43.21 on Tuesday. CRA International,Inc. has a 1 year low of $30.54 and a 1 year high of $44.40. The company has a market capitalization of $357.29, a price-to-earnings ratio of 30.18 and a beta of 0.77.

CRA International,Inc. (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. CRA International,Inc. had a return on equity of 5.98% and a net margin of 3.39%. The firm had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $90.36 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. analysts predict that CRA International,Inc. will post 1.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, November 27th. This is a boost from CRA International,Inc.’s previous quarterly dividend of $0.14. CRA International,Inc.’s dividend payout ratio is currently 40.29%.

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In related news, CFO Chad M. Holmes sold 1,700 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $43.17, for a total transaction of $73,389.00. Following the sale, the chief financial officer now owns 11,055 shares of the company’s stock, valued at approximately $477,244.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul A. Maleh sold 13,300 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $43.16, for a total value of $574,028.00. Following the sale, the insider now directly owns 116,619 shares in the company, valued at approximately $5,033,276.04. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. BidaskClub cut CRA International,Inc. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised CRA International,Inc. from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research report on Monday, October 30th.

CRA International,Inc. 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.

Institutional Ownership by Quarter for CRA International,Inc. (NASDAQ:CRAI)

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