The Hackett Group, Inc. (NASDAQ:HCKT) Stock Holdings Decreased by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 23.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,610 shares of the business services provider’s stock after selling 3,908 shares during the period. Farther Finance Advisors LLC’s holdings in The Hackett Group were worth $387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of The Hackett Group by 353.1% in the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after acquiring an additional 738 shares in the last quarter. Quantbot Technologies LP boosted its holdings in The Hackett Group by 383.4% in the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after purchasing an additional 2,174 shares during the period. Longboard Asset Management LP bought a new stake in The Hackett Group during the fourth quarter valued at $207,000. Arizona State Retirement System acquired a new stake in shares of The Hackett Group during the fourth quarter worth $221,000. Finally, Principal Financial Group Inc. bought a new position in shares of The Hackett Group in the 4th quarter worth about $248,000. 78.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

HCKT has been the topic of several research reports. Barrington Research increased their price objective on shares of The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, The Hackett Group has an average rating of “Moderate Buy” and an average target price of $32.67.

The Hackett Group Price Performance

NASDAQ HCKT opened at $28.32 on Tuesday. The company has a 50-day moving average price of $30.33 and a two-hundred day moving average price of $29.01. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $34.02. The stock has a market cap of $787.04 million, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. 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 Hackett Group (NASDAQ:HCKT) last issued 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 business had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. Analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.12 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.48 annualized dividend and a yield of 1.69%. 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.