Ariel Investments LLC Sells 16,024 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Ariel Investments LLC reduced its holdings in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 604,064 shares of the business services provider's stock after selling 16,024 shares during the period. Ariel Investments LLC owned 2.19% of The Hackett Group worth $18,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HCKT. Swiss National Bank boosted its holdings in shares of The Hackett Group by 1.4% during the 4th quarter. Swiss National Bank now owns 48,992 shares of the business services provider's stock worth $1,505,000 after buying an additional 700 shares during the period. Versant Capital Management Inc grew its position in The Hackett Group by 353.1% in the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock valued at $29,000 after acquiring an additional 738 shares during the last quarter. Stifel Financial Corp lifted its stake in The Hackett Group by 3.5% in the 4th quarter. Stifel Financial Corp now owns 23,789 shares of the business services provider's stock valued at $731,000 after purchasing an additional 800 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of The Hackett Group by 0.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 232,844 shares of the business services provider's stock valued at $7,153,000 after acquiring an additional 952 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of The Hackett Group by 4.6% in the fourth quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider's stock valued at $738,000 after buying an additional 1,059 shares during the period. Institutional investors own 78.12% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on HCKT shares. Barrington Research lowered their price target on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday. StockNews.com downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

The Hackett Group Price Performance

Shares of HCKT stock traded up $0.37 on Thursday, reaching $24.31. The company's stock had a trading volume of 173,579 shares, compared to its average volume of 116,108. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $34.02. The company has a market capitalization of $672.10 million, a P/E ratio of 22.93, a PEG ratio of 1.53 and a beta of 0.96. 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 stock's 50 day simple moving average is $27.38 and its 200-day simple moving average is $29.24.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its earnings results 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 firm had revenue of $77.46 million during the quarter, compared to analysts' expectations of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. As a group, equities analysts predict that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Friday, June 20th. The Hackett Group's dividend payout ratio is presently 45.28%.

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.