Proficio Capital Partners LLC Purchases Shares of 20,552 The Hackett Group, Inc. (NASDAQ:HCKT)

Proficio Capital Partners LLC bought a new stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,552 shares of the business services provider's stock, valued at approximately $631,000. Proficio Capital Partners LLC owned approximately 0.07% of The Hackett Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised 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 valued at $29,000 after purchasing an additional 738 shares in the last quarter. Quantbot Technologies LP raised its stake in The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider's stock worth $72,000 after acquiring an additional 2,174 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of The Hackett Group in the fourth quarter worth about $207,000. Principal Financial Group Inc. bought a new position in shares of The Hackett Group in the fourth quarter worth about $248,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of The Hackett Group in the 4th quarter valued at approximately $258,000. Institutional investors own 78.12% of the company's stock.

Analyst Ratings Changes

HCKT has been the subject of several research reports. 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 research note on Thursday, February 20th. StockNews.com cut The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

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The Hackett Group Trading Down 1.4 %

NASDAQ:HCKT traded down $0.40 during mid-day trading on Thursday, hitting $28.07. 84,468 shares of the company's stock were exchanged, compared to its average volume of 109,607. 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 Hackett Group, Inc. has a fifty-two week low of $20.23 and a fifty-two week high of $34.02. The company has a 50 day simple moving average of $30.46 and a 200-day simple moving average of $28.95. The firm has a market capitalization of $780.18 million, a P/E ratio of 26.48, a PEG ratio of 1.53 and a beta of 1.03.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The business 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%. As a group, research analysts expect that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. This is an increase from The Hackett Group's previous quarterly dividend of $0.11. The ex-dividend date is Friday, March 21st. 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.