The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,019,346 shares of the business services provider's stock after selling 14,500 shares during the quarter. Renaissance Technologies LLC owned about 3.69% of The Hackett Group worth $31,314,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in The Hackett Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider's stock worth $67,173,000 after purchasing an additional 16,682 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of The Hackett Group by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider's stock worth $22,002,000 after buying an additional 15,819 shares during the period. State Street Corp grew its holdings in shares of The Hackett Group by 4.1% during the third quarter. State Street Corp now owns 641,783 shares of the business services provider's stock worth $16,927,000 after buying an additional 25,249 shares during the last quarter. Boston Partners increased its position in The Hackett Group by 2.9% in the 4th quarter. Boston Partners now owns 525,435 shares of the business services provider's stock valued at $16,086,000 after acquiring an additional 14,676 shares during the period. Finally, Wellington Management Group LLP raised its stake in The Hackett Group by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider's stock valued at $12,082,000 after acquiring an additional 19,300 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company's stock.

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The Hackett Group Price Performance

Shares of HCKT traded down $0.11 during mid-day trading on Tuesday, hitting $26.25. The company's stock had a trading volume of 94,835 shares, compared to its average volume of 110,868. The firm has a 50-day simple moving average of $29.24 and a 200 day simple moving average of $29.29. The Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $34.02. The firm has a market capitalization of $729.51 million, a P/E ratio of 24.76, a P/E/G ratio of 1.53 and a beta of 0.98. 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 (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 analysts' expectations of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. Analysts predict that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from The Hackett Group's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.83%. The Hackett Group's payout ratio is currently 45.28%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HCKT shares. Barrington Research reissued an "outperform" rating and issued a $36.00 target price on shares of The Hackett Group in a report on Friday. StockNews.com cut shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 10th. One equities 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 presently has an average rating of "Moderate Buy" and a consensus target price of $32.67.

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.