Proficio Capital Partners LLC Invests $631,000 in The Hackett Group, Inc. (NASDAQ:HCKT)

Proficio Capital Partners LLC purchased a new stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,552 shares of the business services provider's stock, valued at approximately $631,000. Proficio Capital Partners LLC owned about 0.07% of The Hackett Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc raised its position in shares of The Hackett Group by 353.1% in the 4th 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 last quarter. Quantbot Technologies LP lifted its stake in shares of 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 buying an additional 2,174 shares during the period. Longboard Asset Management LP purchased a new stake in shares of The Hackett Group during the fourth quarter valued at $207,000. Principal Financial Group Inc. purchased a new stake in shares of The Hackett Group during the fourth quarter valued at $248,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of The Hackett Group in the 4th quarter valued at $258,000. Institutional investors and hedge funds own 78.12% of the company's stock.

The Hackett Group Stock Performance

Shares of NASDAQ HCKT traded up $0.24 during trading on Thursday, reaching $29.25. 114,915 shares of the company traded hands, compared to its average volume of 103,750. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $34.02. 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 stock has a market cap of $812.89 million, a P/E ratio of 27.59, a PEG ratio of 1.53 and a beta of 1.03. The firm's fifty day simple moving average is $30.22 and its 200 day simple moving average is $29.12.

Remove Ads

The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, research 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.12 dividend. 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 dividend on an annualized basis and a yield of 1.64%. The Hackett Group's payout ratio is presently 45.28%.

Analysts Set New Price Targets

Several analysts have weighed in on HCKT shares. Barrington Research boosted their price target on 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 downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, The Hackett Group currently has an average rating of "Moderate Buy" and a consensus target price of $32.67.

The Hackett Group Company 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.