Renaissance Technologies LLC Lowers Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Renaissance Technologies LLC lessened its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,019,346 shares of the business services provider's stock after selling 14,500 shares during the quarter. Renaissance Technologies LLC owned about 3.69% of The Hackett Group worth $31,314,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Quantinno Capital Management LP purchased a new stake in The Hackett Group in the 3rd quarter worth approximately $276,000. Stifel Financial Corp raised its holdings in shares of The Hackett Group by 18.0% in the 3rd quarter. Stifel Financial Corp now owns 22,989 shares of the business services provider's stock valued at $604,000 after acquiring an additional 3,501 shares in the last quarter. State Street Corp boosted its position in shares of The Hackett Group by 4.1% during the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider's stock valued at $16,927,000 after acquiring an additional 25,249 shares during the last quarter. Barclays PLC grew its holdings in shares of The Hackett Group by 202.1% during the third quarter. Barclays PLC now owns 56,350 shares of the business services provider's stock worth $1,481,000 after purchasing an additional 37,695 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of The Hackett Group by 4.4% in the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider's stock worth $18,399,000 after purchasing an additional 29,699 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com cut shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 10th. Barrington Research restated an "outperform" rating and set a $36.00 price target on shares of The Hackett Group in a research report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

The Hackett Group Trading Down 0.0 %

Shares of NASDAQ HCKT traded down $0.01 during midday trading on Thursday, reaching $26.02. The company had a trading volume of 29,170 shares, compared to its average volume of 110,663. The firm's fifty day moving average price is $29.01 and its 200-day moving average price is $29.25. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $34.02. The stock has a market cap of $719.37 million, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98.

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 analysts' consensus estimates of $0.41 by ($0.06). The firm had revenue of $77.46 million during the quarter, compared to analysts' expectations of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. On average, equities research analysts anticipate that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.84%. This is an increase from The Hackett Group's previous quarterly dividend of $0.11. The Hackett Group's dividend payout ratio is presently 45.28%.

About The Hackett Group

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.