Quantbot Technologies LP Buys 1,439 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Quantbot Technologies LP grew its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 52.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,180 shares of the business services provider’s stock after acquiring an additional 1,439 shares during the quarter. Quantbot Technologies LP’s holdings in The Hackett Group were worth $128,000 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 HCKT. Swiss National Bank lifted its holdings in The Hackett Group by 1.4% in the fourth quarter. Swiss National Bank now owns 48,992 shares of the business services provider’s stock valued at $1,505,000 after buying an additional 700 shares during the period. Versant Capital Management Inc raised its holdings in shares of 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 valued at $29,000 after purchasing an additional 738 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of The Hackett Group by 4.6% during the fourth quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock valued at $738,000 after purchasing an additional 1,059 shares during the period. Avantax Advisory Services Inc. boosted its position 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of The Hackett Group by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock valued at $6,996,000 after buying an additional 1,350 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HCKT shares. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. Barrington Research increased their target price on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

The Hackett Group Trading Down 0.3 %

Shares of The Hackett Group stock opened at $29.17 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $810.66 million, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. The stock has a fifty day simple moving average of $30.18 and a 200 day simple moving average of $29.20. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $34.02.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. On average, sell-side analysts anticipate that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Increases Dividend

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

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.