Aptus Capital Advisors LLC Has $6.71 Million Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Aptus Capital Advisors LLC grew its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 22.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 218,294 shares of the business services provider's stock after acquiring an additional 39,995 shares during the period. Aptus Capital Advisors LLC owned about 0.79% of The Hackett Group worth $6,706,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Versant Capital Management Inc lifted its stake in The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock valued at $29,000 after buying an additional 738 shares in the last quarter. Quantbot Technologies LP grew its stake in The Hackett Group by 52.5% during the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock valued at $128,000 after acquiring an additional 1,439 shares in the last quarter. Longboard Asset Management LP acquired a new position in The Hackett Group in the 4th quarter valued at approximately $207,000. Arizona State Retirement System purchased a new stake in The Hackett Group in the 4th quarter worth approximately $221,000. Finally, Principal Financial Group Inc. acquired a new stake in The Hackett Group during the fourth quarter valued at $248,000. 78.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barrington Research cut their price objective on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday. StockNews.com cut The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, The Hackett Group currently has an average rating of "Moderate Buy" and an average target price of $31.33.

The Hackett Group Stock Performance

The Hackett Group stock traded down $0.11 during trading hours on Friday, hitting $24.55. The stock had a trading volume of 65,243 shares, compared to its average volume of 116,695. The company has a 50-day moving average of $27.27 and a two-hundred day moving average of $29.23. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The company has a market cap of $678.73 million, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a fifty-two week low of $21.12 and a fifty-two week high of $34.02.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The firm had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. On average, equities research analysts anticipate that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.48 annualized dividend and a yield of 1.96%. The Hackett Group's dividend payout ratio is currently 45.28%.

The Hackett Group Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.