Cornerstone Capital Management Holdings LLC. decreased its position in shares of CRA International,Inc. (NASDAQ:CRAI) by 27.2% during the first quarter, Holdings Channel reports. The institutional investor owned 35,815 shares of the business services provider’s stock after selling 13,385 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.43% of CRA International,Inc. worth $1,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LSV Asset Management increased its position 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 in the last quarter. State Street Corp increased its position 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 worth $5,736,000 after buying an additional 2,329 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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. Teachers Advisors LLC increased its position in CRA International,Inc. by 18.3% in the fourth quarter. Teachers Advisors LLC now owns 20,470 shares of the business services provider’s stock worth $749,000 after buying an additional 3,160 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in CRA International,Inc. during the first quarter worth $145,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

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

CRA International,Inc. (NASDAQ CRAI) opened at 35.26 on Friday. The stock’s 50 day moving average is $34.72 and its 200-day moving average is $35.23. CRA International,Inc. has a 52-week low of $23.25 and a 52-week high of $40.00. The company has a market capitalization of $302.32 million, a P/E ratio of 22.69 and a beta of 0.61.

CRA International,Inc. (NASDAQ:CRAI) last released its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.04. CRA International,Inc. had a net margin of 4.01% and a return on equity of 5.62%. The company had revenue of $88.17 million for the quarter, compared to analysts’ expectations of $84.35 million. CRA International,Inc.’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts predict that CRA International,Inc. will post $1.50 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, May 29th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, May 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.59%. CRA International,Inc.’s payout ratio is 36.36%.

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Separately, Zacks Investment Research downgraded shares of CRA International,Inc. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th.

About CRA International,Inc.

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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