Avantax Advisory Services Inc. Grows Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Avantax Advisory Services Inc. boosted its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,927 shares of the business services provider’s stock after purchasing an additional 1,149 shares during the quarter. Avantax Advisory Services Inc.’s holdings in The Hackett Group were worth $1,442,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HCKT. Hotchkis & Wiley Capital Management LLC acquired a new position in The Hackett Group during the third quarter valued at approximately $3,256,000. Dean Investment Associates LLC lifted its position in The Hackett Group by 57.2% during the third quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider’s stock valued at $4,352,000 after buying an additional 60,307 shares in the last quarter. JPMorgan Chase & Co. lifted its position in The Hackett Group by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock valued at $2,598,000 after buying an additional 48,661 shares in the last quarter. Barclays PLC lifted its position in 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 buying an additional 37,695 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in The Hackett Group during the fourth quarter valued at approximately $1,056,000. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Trading Up 0.1 %

NASDAQ HCKT opened at $28.36 on Wednesday. The company’s fifty day simple moving average is $30.31 and its 200-day simple moving average is $29.02. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $34.02. 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 stock has a market cap of $788.15 million, a P/E ratio of 26.75, a PEG ratio of 1.53 and a beta of 1.03.

The Hackett Group (NASDAQ:HCKT) last posted its earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The firm had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. Equities research analysts predict that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s payout ratio is 45.28%.

Analyst Ratings Changes

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

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.