Sanctuary Advisors LLC Raises Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Sanctuary Advisors LLC boosted its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,836 shares of the business services provider’s stock after purchasing an additional 1,059 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.09% of The Hackett Group worth $738,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc boosted its position 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 purchasing an additional 738 shares in the last quarter. Quantbot Technologies LP boosted its position 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 purchasing an additional 2,174 shares in the last quarter. Longboard Asset Management LP purchased a new position in The Hackett Group during the fourth quarter worth approximately $207,000. Principal Financial Group Inc. purchased a new position in The Hackett Group during the fourth quarter worth approximately $248,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in The Hackett Group during the fourth quarter worth approximately $258,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Price Performance

NASDAQ:HCKT opened at $30.38 on Friday. The Hackett Group, Inc. has a one year low of $20.23 and a one year 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 stock has a market cap of $838.28 million, a PE ratio of 28.66, a P/E/G ratio of 1.53 and a beta of 0.99. The stock has a 50 day moving average price of $30.70 and a 200 day moving average price of $28.73.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS 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 company had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. Equities research analysts expect 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 issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s dividend payout ratio (DPR) is currently 45.28%.

Analysts Set New Price Targets

HCKT has been the subject of a number of research analyst reports. Roth Mkm increased their target price on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday. Craig Hallum increased their target price on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Barrington Research increased their target price on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, The Hackett Group currently has a consensus rating of “Moderate Buy” and an average price target 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.