Kesler Norman & Wride LLC Cuts Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Kesler Norman & Wride LLC cut its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 12.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,591 shares of the business services provider’s stock after selling 2,782 shares during the quarter. Kesler Norman & Wride LLC owned 0.07% of The Hackett Group worth $515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HCKT. Isthmus Partners LLC grew its holdings in shares of The Hackett Group by 1.1% in the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 1,763 shares in the last quarter. CWM LLC boosted its stake in The Hackett Group by 78.4% during the second quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after buying an additional 2,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Hackett Group by 18.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after buying an additional 1,283 shares during the period. The Manufacturers Life Insurance Company boosted its stake in The Hackett Group by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after buying an additional 851 shares during the period. Finally, BOKF NA purchased a new position in The Hackett Group during the first quarter worth $305,000. 78.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a research note on Wednesday, September 25th.

The Hackett Group Stock Up 0.9 %

Shares of HCKT opened at $25.45 on Wednesday. The firm has a market capitalization of $702.78 million, a P/E ratio of 20.20, a P/E/G ratio of 1.46 and a beta of 0.91. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $27.68. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $25.89 and a 200-day moving average price of $23.72.

The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $75.90 million during the quarter, compared to analyst estimates of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. Equities research analysts expect that The Hackett Group, Inc. will post 1.28 earnings per share for the current year.

The Hackett Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, September 20th. The Hackett Group’s dividend payout ratio is currently 34.92%.

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.