Teacher Retirement System of Texas Lowers Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Teacher Retirement System of Texas decreased its position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,213 shares of the business services provider's stock after selling 15,678 shares during the period. Teacher Retirement System of Texas owned about 0.58% of The Hackett Group worth $4,952,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HCKT. Victory Capital Management Inc. lifted its position in shares of The Hackett Group by 18.1% during the 3rd quarter. Victory Capital Management Inc. now owns 16,414 shares of the business services provider's stock valued at $431,000 after buying an additional 2,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of The Hackett Group by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider's stock worth $6,996,000 after purchasing an additional 1,350 shares during the last quarter. Quantbot Technologies LP lifted its stake in The Hackett Group by 383.4% in the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider's stock valued at $72,000 after buying an additional 2,174 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in The Hackett Group by 20.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,375 shares of the business services provider's stock worth $1,087,000 after buying an additional 7,078 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in shares of The Hackett Group during the third quarter valued at approximately $294,000. 78.12% of the stock is owned by hedge funds and other institutional investors.

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The Hackett Group Trading Up 0.8 %

Shares of NASDAQ HCKT traded up $0.24 during trading on Thursday, hitting $29.25. 114,915 shares of the company were exchanged, compared to its average volume of 103,750. The company has a fifty day moving average price of $30.22 and a 200-day moving average price of $29.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $812.89 million, a PE ratio of 27.59, a P/E/G ratio of 1.53 and a beta of 1.03. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $34.02.

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 for the quarter, missing the consensus estimate of $0.41 by ($0.06). The firm 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, equities research analysts expect that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from The Hackett Group's previous quarterly dividend of $0.11. The Hackett Group's dividend payout ratio is 45.28%.

Analysts Set New Price Targets

Several analysts recently commented on HCKT shares. Barrington Research boosted their price target 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. StockNews.com downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.