The Hackett Group, Inc. $HCKT Shares Sold by Earnest Partners LLC

Key Points

• Earnest Partners LLC reduced its stake in The Hackett Group by 6.0%, now owning approximately 1.56% of the company, valued at $12.59 million.
• The Hackett Group announced a quarterly dividend of $0.12 per share, representing a yield of 2.3%, with a payout ratio of 80.00%.
• Institutional investors currently own 78.12% of The Hackett Group's stock, highlighting significant institutional interest in the company.

Earnest Partners LLC lowered its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 430,983 shares of the business services provider's stock after selling 27,522 shares during the quarter. Earnest Partners LLC owned approximately 1.56% of The Hackett Group worth $12,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HCKT. Versant Capital Management Inc lifted its position in shares of The Hackett Group by 48.9% in the first quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after buying an additional 463 shares in the last quarter. AlphaQuest LLC lifted its position in shares of The Hackett Group by 60.5% during the first quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider's stock valued at $140,000 after buying an additional 1,810 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of The Hackett Group during the fourth quarter worth about $219,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of The Hackett Group by 15.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 9,684 shares of the business services provider's stock worth $283,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in The Hackett Group in the first quarter valued at approximately $344,000. Hedge funds and other institutional investors own 78.12% of the company's stock.

Wall Street Analysts Forecast Growth

HCKT has been the topic of a number of recent analyst reports. Barrington Research lowered their price target on The Hackett Group from $32.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of The Hackett Group from a "buy" rating to a "hold" rating in a report on Monday, July 21st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, The Hackett Group has an average rating of "Buy" and an average target price of $29.67.

The Hackett Group Price Performance

Shares of HCKT stock traded up $0.17 during trading hours on Monday, hitting $20.82. The company's stock had a trading volume of 206,301 shares, compared to its average volume of 368,136. The business has a fifty day moving average of $22.98 and a 200-day moving average of $25.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The stock has a market cap of $572.76 million, a price-to-earnings ratio of 34.70, a P/E/G ratio of 1.43 and a beta of 1.03. The Hackett Group, Inc. has a twelve month low of $19.39 and a twelve month high of $34.02.

The Hackett Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The Hackett Group's dividend payout ratio (DPR) is currently 80.00%.

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.