Dimensional Fund Advisors LP lowered its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,021,964 shares of the business services provider's stock after selling 9,860 shares during the period. Dimensional Fund Advisors LP owned about 3.70% of The Hackett Group worth $31,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in HCKT. Barclays PLC raised its holdings in The Hackett Group by 202.1% in the third quarter. Barclays PLC now owns 56,350 shares of the business services provider's stock valued at $1,481,000 after acquiring an additional 37,695 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of The Hackett Group by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider's stock valued at $2,598,000 after purchasing an additional 48,661 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of The Hackett Group in the 4th quarter valued at $248,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of The Hackett Group during the 4th quarter worth $258,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of The Hackett Group during the 4th quarter worth $631,000. Hedge funds and other institutional investors own 78.12% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Barrington Research cut their price target on The Hackett Group from $36.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday. StockNews.com downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.33.
Get Our Latest Stock Analysis on HCKT
The Hackett Group Stock Up 0.5%
Shares of NASDAQ HCKT traded up $0.12 during mid-day trading on Friday, reaching $24.78. The company had a trading volume of 198,130 shares, compared to its average volume of 117,261. The firm has a 50 day simple moving average of $27.18 and a two-hundred day simple moving average of $29.29. The Hackett Group, Inc. has a 52-week low of $21.12 and a 52-week high of $34.02. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a market cap of $685.09 million, a P/E ratio of 23.38, a PEG ratio of 1.53 and a beta of 0.96.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The firm had revenue of $77.46 million for the quarter, compared to analysts' expectations of $75.64 million. Sell-side analysts predict that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.
The Hackett Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Friday, June 20th. The Hackett Group's dividend payout ratio is currently 45.28%.
About The Hackett Group
(
Free Report)
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.
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