Zacks Investment Research downgraded shares of CRA International (NASDAQ:CRAI) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “CRA International has taken some prudent restructuring initiatives, which should translate into an improved bottom line in the coming quarters. The company aims to achieve profitable growth through new engagements and several cross-selling opportunities. The company is on track to curtail its expenses by rationalizing office space and lowering administrative costs. The improved cost structure and broad-based profitable growth are expected to translate into attractive margins. However, cautious spending by clients, stiff competition and currency fluctuations continue to be headwinds. CRA International followed the declining trends of the financial services industry during the peak of the financial crisis and its after-effects are still reflected in weak customer growth, as potential customers are less willing to add consulting services when budgets are tight. CRA International has underperformed the industry year to date.”

Other research analysts also recently issued reports about the stock. ValuEngine downgraded shares of CRA International from a buy rating to a hold rating in a report on Friday, December 1st. BidaskClub downgraded shares of CRA International from a strong-buy rating to a buy rating in a report on Tuesday, December 5th.

CRA International (NASDAQ CRAI) opened at $44.16 on Tuesday. CRA International has a 52-week low of $31.77 and a 52-week high of $47.30. The firm has a market cap of $358.10, a P/E ratio of 31.77 and a beta of 0.79.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 28th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 27th. This is an increase from CRA International’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a yield of 1.54%. CRA International’s dividend payout ratio (DPR) is 48.92%.

In other CRA International news, insider Paul A. Maleh sold 13,300 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $43.16, for a total value of $574,028.00. Following the completion of the transaction, the insider now directly owns 116,619 shares of the company’s stock, valued at approximately $5,033,276.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Chad M. Holmes sold 1,700 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $43.17, for a total transaction of $73,389.00. Following the completion of the transaction, the chief financial officer now directly owns 11,055 shares of the company’s stock, valued at $477,244.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $1,108,417. 4.70% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in CRA International in the 3rd quarter valued at $128,000. Public Employees Retirement System of Ohio bought a new position in CRA International in the 2nd quarter valued at $156,000. Nordea Investment Management AB boosted its holdings in CRA International by 31.7% in the 2nd quarter. Nordea Investment Management AB now owns 5,400 shares of the business services provider’s stock valued at $196,000 after purchasing an additional 1,300 shares during the period. Sawgrass Asset Management LLC bought a new position in CRA International in the 3rd quarter valued at $385,000. Finally, Ameriprise Financial Inc. bought a new position in CRA International in the 2nd quarter valued at $444,000. 85.17% of the stock is owned by hedge funds and other institutional investors.

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About CRA International

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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