Trigran Investments Inc. Sells 201,283 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Trigran Investments Inc. lessened its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 877,554 shares of the business services provider's stock after selling 201,283 shares during the quarter. The Hackett Group comprises about 3.1% of Trigran Investments Inc.'s investment portfolio, making the stock its 14th biggest holding. Trigran Investments Inc. owned 3.18% of The Hackett Group worth $26,958,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in The Hackett Group by 353.1% in the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock worth $29,000 after purchasing an additional 738 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of The Hackett Group by 52.5% during the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock valued at $128,000 after buying an additional 1,439 shares during the period. Longboard Asset Management LP purchased a new position in shares of The Hackett Group in the 4th quarter worth $207,000. Arizona State Retirement System bought a new stake in shares of The Hackett Group in the fourth quarter worth $221,000. Finally, Principal Financial Group Inc. purchased a new stake in The Hackett Group during the fourth quarter valued at $248,000. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Stock Performance

NASDAQ HCKT traded up $0.13 on Thursday, hitting $25.65. 86,171 shares of the company traded hands, compared to its average volume of 111,014. The business's 50 day moving average price is $28.39 and its 200-day moving average price is $29.24. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week 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 company has a market capitalization of $709.15 million, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.53 and a beta of 0.98.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The company had revenue of $77.46 million for 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%. Equities analysts expect that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.87%. This is an increase from The Hackett Group's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 21st. The Hackett Group's dividend payout ratio (DPR) is presently 45.28%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barrington Research reissued an "outperform" rating and issued a $36.00 target price on shares of The Hackett Group in a research report on Friday, April 11th. StockNews.com downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, The Hackett Group currently has a consensus rating of "Moderate Buy" and an average price target 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.