The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 35.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,400 shares of the business services provider's stock after selling 55,700 shares during the quarter. LSV Asset Management owned about 0.36% of The Hackett Group worth $3,054,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HCKT. Versant Capital Management Inc increased its position in 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 worth $29,000 after purchasing an additional 738 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of The Hackett Group by 52.5% during the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock worth $128,000 after buying an additional 1,439 shares during the last quarter. Longboard Asset Management LP purchased a new stake in shares of The Hackett Group during the 4th quarter valued at approximately $207,000. Arizona State Retirement System purchased a new stake in shares of The Hackett Group during the 4th quarter valued at approximately $221,000. Finally, Principal Financial Group Inc. acquired a new position in The Hackett Group in the fourth quarter valued at approximately $248,000. Hedge funds and other institutional investors own 78.12% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on HCKT shares. StockNews.com downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 10th. Barrington Research restated an "outperform" rating and issued a $36.00 price objective on shares of The Hackett Group in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.67.

The Hackett Group Trading Down 0.7 %

NASDAQ:HCKT traded down $0.17 during trading hours on Friday, reaching $25.86. 93,193 shares of the stock were exchanged, compared to its average volume of 110,771. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $34.02. The business has a 50-day moving average of $28.77 and a two-hundred day moving average of $29.24. The company has a market capitalization of $714.95 million, a price-to-earnings ratio of 24.40, a PEG ratio of 1.53 and a beta of 0.98. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

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

The Hackett Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was 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 (DPR) is currently 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.