Ariel Investments LLC lowered its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 604,064 shares of the business services provider's stock after selling 16,024 shares during the quarter. Ariel Investments LLC owned about 2.19% of The Hackett Group worth $18,557,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the stock. Barclays PLC grew its stake 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 valued at $1,481,000 after acquiring an additional 37,695 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in The Hackett Group by 96.9% in the third quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider's stock valued at $2,598,000 after purchasing an additional 48,661 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in The Hackett Group during the 4th quarter valued at approximately $248,000. Hennion & Walsh Asset Management Inc. purchased a new stake in The Hackett Group during the 4th quarter worth approximately $258,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of The Hackett Group in the 4th quarter valued at approximately $631,000. Institutional investors and hedge funds own 78.12% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of The Hackett Group in a research report on Tuesday, April 29th. StockNews.com lowered 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $32.67.
View Our Latest Stock Report on HCKT
The Hackett Group Stock Performance
Shares of NASDAQ HCKT traded up $0.34 during trading on Monday, reaching $26.66. The stock had a trading volume of 145,761 shares, compared to its average volume of 112,430. 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 market cap of $737.07 million, a PE ratio of 25.15, a P/E/G ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $34.02. The firm's 50 day moving average price is $27.60 and its two-hundred day moving average price is $29.30.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share 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 business had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. On average, research analysts forecast that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.
The Hackett Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.12 dividend. This is an increase from The Hackett Group's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Friday, March 21st. The Hackett Group's payout ratio is presently 45.28%.
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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