Wesbanco Bank Inc. Buys 22,044 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Wesbanco Bank Inc. boosted its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 51.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 64,700 shares of the business services provider's stock after buying an additional 22,044 shares during the period. Wesbanco Bank Inc. owned approximately 0.23% of The Hackett Group worth $1,891,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its stake in 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 purchasing an additional 1,285 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of The Hackett Group by 2,890.4% during the 1st quarter. GAMMA Investing LLC now owns 11,483 shares of the business services provider's stock worth $3,360,000 after buying an additional 11,099 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of The Hackett Group by 48.9% during the 1st 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 during the last quarter. Wellington Management Group LLP boosted its stake in The Hackett Group by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider's stock valued at $12,082,000 after buying an additional 19,300 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in The Hackett Group by 153.6% in the fourth quarter. Mackenzie Financial Corp now owns 42,502 shares of the business services provider's stock valued at $1,306,000 after acquiring an additional 25,745 shares during the last quarter. 78.12% of the stock is owned by institutional investors.

The Hackett Group Stock Up 0.7%

Shares of The Hackett Group stock traded up $0.18 on Tuesday, hitting $25.09. The company had a trading volume of 213,797 shares, compared to its average volume of 122,736. The Hackett Group, Inc. has a 1 year low of $21.12 and a 1 year high of $34.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50 day moving average of $25.57 and a 200-day moving average of $28.76. The stock has a market capitalization of $693.86 million, a price-to-earnings ratio of 23.67, a P/E/G ratio of 1.53 and a beta of 0.95.

The Hackett Group Dividend Announcement

The business also recently announced 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 1.91%. The ex-dividend date is Friday, June 20th. The Hackett Group's payout ratio is 56.47%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 24th. Barrington Research cut their price objective on The Hackett Group from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, The Hackett Group presently has an average rating of "Moderate Buy" and an average price target of $31.33.

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.