The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,411 shares of the business services provider’s stock after selling 800 shares during the quarter. New York State Common Retirement Fund’s holdings in The Hackett Group were worth $289,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in The Hackett Group by 6,302.3% in the third quarter. Farther Finance Advisors LLC now owns 16,518 shares of the business services provider’s stock valued at $434,000 after buying an additional 16,260 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of The Hackett Group by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 178,299 shares of the business services provider’s stock valued at $4,684,000 after acquiring an additional 24,106 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of The Hackett Group by 18.1% in the third quarter. Victory Capital Management Inc. now owns 16,414 shares of the business services provider’s stock worth $431,000 after acquiring an additional 2,512 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of The Hackett Group by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock worth $6,996,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Quantbot Technologies LP lifted 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 valued at $72,000 after purchasing an additional 2,174 shares during the period. 78.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HCKT has been the topic of several analyst reports. StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 27th. Craig Hallum raised their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barrington Research lifted their price target on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, Roth Mkm upped their price objective on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.67.

The Hackett Group Trading Down 2.0 %

Shares of The Hackett Group stock opened at $29.51 on Wednesday. The Hackett Group, Inc. has a fifty-two week low of $20.23 and a fifty-two 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 company has a market cap of $814.27 million, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The firm has a 50-day simple moving average of $30.67 and a two-hundred day simple moving average of $28.84.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share 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 business had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. As a group, equities analysts predict 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 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. The ex-dividend date is Friday, March 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. 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%.

The Hackett Group 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.