The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 7.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,411 shares of the business services provider’s stock after selling 800 shares during the quarter. New York State Common Retirement Fund’s holdings in The Hackett Group were worth $289,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HCKT. Barclays PLC boosted its stake in shares of The Hackett Group by 202.1% in the third quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock worth $1,481,000 after acquiring an additional 37,695 shares during the last quarter. Geode Capital Management LLC raised its stake in The Hackett Group by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock valued at $18,399,000 after purchasing an additional 29,699 shares during the last quarter. State Street Corp lifted its holdings in The Hackett Group by 4.1% in the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after purchasing an additional 25,249 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in The Hackett Group by 96.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock worth $2,598,000 after purchasing an additional 48,661 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of The Hackett Group during the fourth quarter worth $258,000. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HCKT shares. StockNews.com downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. Barrington Research increased their price objective on shares of The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Craig Hallum boosted their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Roth Mkm increased their price target on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

The Hackett Group Trading Down 2.0 %

Shares of HCKT opened at $29.51 on Wednesday. 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 firm has a 50-day moving average price of $30.67 and a 200 day moving average price of $28.84. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $34.02. The firm has a market capitalization of $814.27 million, a P/E ratio of 27.84, a P/E/G ratio of 1.53 and a beta of 0.99.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The firm had revenue of $77.46 million during the quarter, compared to analysts’ expectations of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. Sell-side analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.12 per share. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, March 21st. This represents a $0.48 annualized dividend and a yield of 1.63%. The Hackett Group’s dividend payout ratio (DPR) is 45.28%.

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.