Wesbanco Bank Inc. Buys Shares of 43,656 The Hackett Group, Inc. (NASDAQ:HCKT)

Wesbanco Bank Inc. bought a new stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,656 shares of the business services provider's stock, valued at approximately $1,061,000. Wesbanco Bank Inc. owned 0.16% of The Hackett Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HCKT. Halpern Financial Inc. bought a new position in shares of The Hackett Group in the fourth quarter worth about $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of The Hackett Group in the third quarter worth about $34,000. AJOVista LLC bought a new position in shares of The Hackett Group in the fourth quarter worth about $69,000. SG Americas Securities LLC bought a new position in shares of The Hackett Group in the third quarter worth about $111,000. Finally, Hennessy Advisors Inc. bought a new position in shares of The Hackett Group in the fourth quarter worth about $110,000. Institutional investors own 78.12% of the company's stock.

The Hackett Group Price Performance

HCKT stock traded up $0.18 during mid-day trading on Friday, reaching $22.14. The company's stock had a trading volume of 81,608 shares, compared to its average volume of 85,753. The stock has a market cap of $610.62 million, a PE ratio of 17.85, a P/E/G ratio of 1.15 and a beta of 0.87. The company's 50 day moving average is $23.60 and its two-hundred day moving average is $23.06. The Hackett Group, Inc. has a fifty-two week low of $17.18 and a fifty-two week high of $26.69. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.36.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $71.17 million for the quarter, compared to analysts' expectations of $69.65 million. The Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. Equities research analysts expect that The Hackett Group, Inc. will post 1.42 EPS for the current year.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, March 21st. The Hackett Group's dividend payout ratio is currently 35.48%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HCKT. Craig Hallum raised The Hackett Group from a "hold" rating to a "buy" rating and set a $28.00 price objective on the stock in a research note on Wednesday, February 21st. StockNews.com cut The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 27th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $28.00 price objective on shares of The Hackett Group in a report on Wednesday, February 21st.

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.

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