Royce & Associates LP lowered its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,495,533 shares of the business services provider's stock after selling 13,034 shares during the quarter. Royce & Associates LP owned about 5.42% of The Hackett Group worth $45,943,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of HCKT. Geode Capital Management LLC boosted its stake in The Hackett Group by 4.4% during the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider's stock valued at $18,399,000 after buying an additional 29,699 shares in the last quarter. State Street Corp boosted its position in shares of The Hackett Group by 4.1% during 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. Charles Schwab Investment Management Inc. grew its stake in shares of The Hackett Group by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 270,272 shares of the business services provider's stock worth $8,303,000 after purchasing an additional 3,955 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of The Hackett Group by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 255,183 shares of the business services provider's stock worth $7,839,000 after purchasing an additional 3,694 shares in the last quarter. Finally, Dean Investment Associates LLC lifted its stake in The Hackett Group by 57.2% during the third quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider's stock valued at $4,352,000 after purchasing an additional 60,307 shares during the last quarter. Institutional investors own 78.12% of the company's stock.
The Hackett Group Trading Down 0.2 %
Shares of HCKT stock traded down $0.05 during trading hours on Thursday, reaching $28.72. 107,558 shares of the stock traded hands, compared to its average volume of 102,849. The business has a fifty day moving average price of $30.29 and a 200 day moving average price of $29.02. The Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $34.02. 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 firm has a market capitalization of $798.16 million, a PE ratio of 27.09, a PEG ratio of 1.53 and a beta of 1.03.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its 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 Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The business had revenue of $77.46 million during the quarter, compared to analysts' expectations of $75.64 million. On average, equities research 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 represents a $0.48 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from The Hackett Group's previous quarterly dividend of $0.11. The Hackett Group's payout ratio is 45.28%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on HCKT shares. StockNews.com lowered shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 13th. Barrington Research boosted their target price on The Hackett Group from $28.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.
View Our Latest Analysis on HCKT
About The Hackett Group
(
Free Report)
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.
Featured Articles
Before you consider The Hackett Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Hackett Group wasn't on the list.
While The Hackett Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
