The Hackett Group, Inc. (NASDAQ:HCKT) Position Trimmed by Royce & Associates LP

Royce & Associates LP trimmed its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 0.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,495,533 shares of the business services provider’s stock after selling 13,034 shares during the quarter. Royce & Associates LP owned 0.05% of The Hackett Group worth $45,943,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after buying an additional 738 shares in the last quarter. Quantbot Technologies LP boosted its holdings in The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after buying an additional 2,174 shares in the last quarter. Longboard Asset Management LP bought a new stake in The Hackett Group during the fourth quarter worth approximately $207,000. Arizona State Retirement System bought a new stake in The Hackett Group during the fourth quarter worth approximately $221,000. Finally, Principal Financial Group Inc. bought a new stake in The Hackett Group during the fourth quarter worth approximately $248,000. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Trading Up 0.1 %

The Hackett Group stock opened at $28.19 on Friday. The company has a 50 day moving average price of $30.36 and a 200 day moving average price of $28.98. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $34.02. 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 firm has a market capitalization of $783.43 million, a price-to-earnings ratio of 26.59, a P/E/G ratio of 1.53 and a beta of 1.03.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $75.64 million. Research 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 announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.12 dividend. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.70%. The Hackett Group’s dividend payout ratio is presently 45.28%.

Wall Street Analyst Weigh In

HCKT has been the subject of a number of research reports. Barrington Research raised their target price on shares of The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. StockNews.com lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, The Hackett Group has an average rating of “Moderate Buy” and a consensus target price of $32.67.

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.