Raymond James & Associates Acquires 1,787 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Raymond James & Associates grew its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,349 shares of the business services provider’s stock after buying an additional 1,787 shares during the quarter. Raymond James & Associates owned approximately 0.09% of The Hackett Group worth $554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of The Hackett Group in the third quarter valued at about $34,000. SG Americas Securities LLC bought a new stake in shares of The Hackett Group during the 3rd quarter worth approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The Hackett Group by 96.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,785 shares of the business services provider’s stock valued at $136,000 after buying an additional 2,845 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in The Hackett Group in the 3rd quarter valued at about $253,000. Finally, Watershed Asset Management L.L.C. bought a new position in The Hackett Group during the third quarter worth $260,000. 78.12% of the stock is owned by institutional investors.

The Hackett Group Stock Performance

Shares of NASDAQ:HCKT opened at $21.88 on Friday. The Hackett Group, Inc. has a 12-month low of $17.18 and a 12-month high of $26.69. The company’s 50 day moving average price is $23.83 and its two-hundred day moving average price is $23.12. The firm has a market cap of $603.45 million, a PE ratio of 17.65, a PEG ratio of 1.17 and a beta of 0.84. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.36.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $71.17 million for the quarter, compared to analyst estimates of $69.65 million. The Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. Equities research analysts predict that The Hackett Group, Inc. will post 1.42 earnings per share for the current year.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.44 annualized dividend and a yield of 2.01%. The Hackett Group’s dividend payout ratio is 35.48%.

Wall Street Analyst Weigh In

HCKT has been the subject of a number of research analyst reports. Craig Hallum upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, February 21st. Barrington Research restated an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a research note on Wednesday, February 21st. Finally, StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th.

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.