Swiss National Bank Boosts Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Swiss National Bank lifted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,992 shares of the business services provider’s stock after purchasing an additional 700 shares during the period. Swiss National Bank owned about 0.18% of The Hackett Group worth $1,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc lifted 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 during the period. Sanctuary Advisors LLC lifted its stake in shares of The Hackett Group by 4.6% during the 4th quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock worth $738,000 after purchasing an additional 1,059 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of The Hackett Group by 2.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 46,927 shares of the business services provider’s stock worth $1,442,000 after purchasing an additional 1,149 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $6,996,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Seizert Capital Partners LLC grew its stake in The Hackett Group by 19.3% in the fourth quarter. Seizert Capital Partners LLC now owns 12,020 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 1,941 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Stock Performance

Shares of The Hackett Group stock opened at $29.17 on Friday. The firm has a market capitalization of $810.66 million, a P/E ratio of 27.52, a PEG ratio of 1.53 and a beta of 1.03. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $34.02. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $30.18 and a 200 day moving average price of $29.15.

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 the consensus estimate 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 company had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. Sell-side analysts expect that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, March 21st. The Hackett Group’s dividend payout ratio (DPR) is presently 45.28%.

Analyst Ratings Changes

Several analysts have commented on HCKT shares. Barrington Research increased 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 downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.