Victory Capital Management Inc. Sells 3,957 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Victory Capital Management Inc. trimmed its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,457 shares of the business services provider’s stock after selling 3,957 shares during the period. Victory Capital Management Inc.’s holdings in The Hackett Group were worth $383,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of The Hackett Group by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 270,272 shares of the business services provider’s stock worth $8,303,000 after acquiring an additional 3,955 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of The Hackett Group in the 4th quarter worth $631,000. Sanctuary Advisors LLC raised its position in shares of The Hackett Group by 4.6% in the 4th quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock worth $738,000 after acquiring an additional 1,059 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of The Hackett Group in the 4th quarter worth $248,000. Finally, Rhumbline Advisers raised its position in shares of The Hackett Group by 38.9% in the 4th quarter. Rhumbline Advisers now owns 53,049 shares of the business services provider’s stock worth $1,630,000 after acquiring an additional 14,863 shares in the last quarter. 78.12% of the stock is owned by institutional investors.

The Hackett Group Trading Down 0.7 %

Shares of NASDAQ:HCKT opened at $28.53 on Friday. The business’s 50-day moving average is $30.26 and its 200 day moving average is $29.05. The Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $34.02. The firm has a market capitalization of $792.88 million, a P/E ratio of 26.92, a P/E/G ratio of 1.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (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 business had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. On average, research 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 company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, March 21st. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s payout ratio is presently 45.28%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barrington Research boosted their price target on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, The Hackett Group presently has an average 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.