The Hackett Group, Inc. (NASDAQ:HCKT) Holdings Trimmed by Sei Investments Co.

Sei Investments Co. lessened its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,185 shares of the business services provider’s stock after selling 574 shares during the period. Sei Investments Co. owned about 0.22% of The Hackett Group worth $1,880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Swiss National Bank grew its holdings in shares of The Hackett Group by 1.4% during the 4th quarter. Swiss National Bank now owns 48,992 shares of the business services provider’s stock valued at $1,505,000 after acquiring an additional 700 shares in the last quarter. Versant Capital Management Inc increased 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 buying an additional 738 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of The Hackett Group by 4.6% in the fourth quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock worth $738,000 after buying an additional 1,059 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in The Hackett Group by 2.5% during the fourth 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 period. Finally, 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 worth $6,996,000 after purchasing an additional 1,350 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Performance

NASDAQ HCKT opened at $27.15 on Friday. The company’s fifty day moving average is $30.00 and its two-hundred day moving average is $29.28. 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, Inc. has a 52-week low of $20.23 and a 52-week high of $34.02. The firm has a market capitalization of $754.53 million, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.53 and a beta of 1.03.

The Hackett Group (NASDAQ:HCKT) last announced 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 company had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. Equities 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 was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 21st. The Hackett Group’s dividend payout ratio is presently 45.28%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com raised shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barrington Research lifted their price objective on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, The Hackett Group currently has an average rating of “Buy” and an average 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.