Zurcher Kantonalbank Zurich Cantonalbank Has $162,000 Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,136 shares of the business services provider’s stock after purchasing an additional 1,351 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in The Hackett Group were worth $162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HCKT. Mackenzie Financial Corp lifted its stake in The Hackett Group by 7.5% in the fourth quarter. Mackenzie Financial Corp now owns 14,069 shares of the business services provider’s stock valued at $320,000 after buying an additional 980 shares in the last quarter. Halpern Financial Inc. acquired a new position in The Hackett Group in the 4th quarter worth $29,000. Raymond James & Associates increased its holdings in The Hackett Group by 7.9% during the 4th quarter. Raymond James & Associates now owns 24,349 shares of the business services provider’s stock worth $554,000 after purchasing an additional 1,787 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of The Hackett Group by 54.1% in the 4th quarter. SG Americas Securities LLC now owns 7,231 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 2,539 shares during the period. Finally, Wesbanco Bank Inc. lifted its holdings in shares of The Hackett Group by 59.0% in the third quarter. Wesbanco Bank Inc. now owns 43,656 shares of the business services provider’s stock valued at $1,030,000 after purchasing an additional 16,200 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HCKT has been the topic of a number of recent research reports. Barrington Research dropped their target price on The Hackett Group from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday. Craig Hallum upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, February 21st. Finally, StockNews.com lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th.

The Hackett Group Stock Down 2.9 %

HCKT stock opened at $21.56 on Thursday. The company has a market cap of $594.73 million, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.15 and a beta of 0.87. The Hackett Group, Inc. has a twelve month low of $17.18 and a twelve month high of $26.69. The business has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $23.04. 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 released its earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $71.17 million during the quarter, compared to the consensus estimate of $69.65 million. The Hackett Group had a net margin of 11.52% and a return on equity of 43.58%. Analysts anticipate that The Hackett Group, Inc. will post 1.42 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were paid 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 dividend yield of 2.04%. The Hackett Group’s dividend payout ratio is presently 35.48%.

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.