Bank of America Corp DE Sells 25,735 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Bank of America Corp DE reduced its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,113,309 shares of the business services provider's stock after selling 25,735 shares during the period. Bank of America Corp DE owned 4.04% of The Hackett Group worth $34,201,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP lifted its position in shares of 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 during the period. Longboard Asset Management LP bought a new stake in The Hackett Group in the fourth quarter valued at $207,000. Arizona State Retirement System bought a new stake in The Hackett Group in the fourth quarter valued at $221,000. Principal Financial Group Inc. acquired a new position in shares of The Hackett Group during the fourth quarter valued at about $248,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of The Hackett Group during the 4th quarter worth about $258,000. 78.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barrington Research decreased their target price on The Hackett Group from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. StockNews.com lowered The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 24th. One 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 has an average rating of "Moderate Buy" and an average price target of $31.33.

The Hackett Group Stock Down 0.2%

Shares of NASDAQ HCKT traded down $0.06 during mid-day trading on Thursday, reaching $24.90. 15,533 shares of the company's stock traded hands, compared to its average volume of 119,065. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The business has a 50-day simple moving average of $26.67 and a 200 day simple moving average of $29.29. The stock has a market cap of $688.61 million, a P/E ratio of 23.49, a PEG ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a 1-year low of $21.12 and a 1-year high of $34.02.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its quarterly 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 business had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. On average, analysts expect that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.93%. The Hackett Group's dividend payout ratio is presently 56.47%.

The Hackett Group Company 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.