The Hackett Group, Inc. (NASDAQ:HCKT) Position Reduced by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 23.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,610 shares of the business services provider’s stock after selling 3,908 shares during the quarter. Farther Finance Advisors LLC’s holdings in The Hackett Group were worth $387,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Barrington Research increased their price target on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, The Hackett Group has a consensus rating of “Moderate Buy” and an average price target of $32.67.

The Hackett Group Price Performance

Shares of NASDAQ:HCKT opened at $28.32 on Tuesday. The company’s fifty day moving average is $30.33 and its two-hundred day moving average is $29.01. The company has a market cap of $787.04 million, a P/E ratio of 26.72, a price-to-earnings-growth 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 company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly 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 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 for the quarter, compared to analyst estimates of $75.64 million. Equities analysts expect that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.12 per share. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, March 21st. The Hackett Group’s dividend payout ratio (DPR) is currently 45.28%.

About The Hackett Group

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.