BNP Paribas Financial Markets lowered its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 41.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,306 shares of the business services provider's stock after selling 17,069 shares during the period. BNP Paribas Financial Markets owned about 0.09% of The Hackett Group worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of HCKT. Vanguard Group Inc. increased its stake in shares of The Hackett Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider's stock worth $67,173,000 after buying an additional 16,682 shares during the period. Geode Capital Management LLC grew its holdings in The Hackett Group by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider's stock worth $22,002,000 after acquiring an additional 15,819 shares in the last quarter. Boston Partners increased its position in shares of The Hackett Group by 2.9% in the 4th quarter. Boston Partners now owns 525,435 shares of the business services provider's stock valued at $16,086,000 after purchasing an additional 14,676 shares during the last quarter. Wellington Management Group LLP increased its position in shares of The Hackett Group by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider's stock valued at $12,082,000 after purchasing an additional 19,300 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of The Hackett Group by 1.7% in the 4th quarter. Wells Fargo & Company MN now owns 322,655 shares of the business services provider's stock valued at $9,912,000 after purchasing an additional 5,459 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on HCKT shares. Wall Street Zen lowered The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. Barrington Research lowered their price objective 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.
Get Our Latest Analysis on HCKT
The Hackett Group Trading Down 0.7%
Shares of The Hackett Group stock opened at $24.79 on Friday. 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 company has a fifty day simple moving average of $26.60 and a 200-day simple moving average of $29.29. The stock has a market cap of $685.57 million, a price-to-earnings ratio of 23.39, a PEG ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a 12-month low of $21.12 and a 12-month high of $34.02.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last released 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 net margin of 9.44% and a return on equity of 36.40%. The company had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. On average, equities analysts forecast 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. Shareholders of record on Friday, June 20th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $0.48 dividend on an annualized basis and a yield of 1.94%. The Hackett Group's dividend payout ratio is presently 56.47%.
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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