The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Aviva PLC

Aviva PLC lessened its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT – Get Rating) by 42.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,230 shares of the business services provider’s stock after selling 23,083 shares during the quarter. Aviva PLC’s holdings in The Hackett Group were worth $636,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. lifted its position in shares of The Hackett Group by 6.2% during the third quarter. BlackRock Inc. now owns 2,671,764 shares of the business services provider’s stock worth $47,344,000 after purchasing an additional 156,048 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of The Hackett Group by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,798,064 shares of the business services provider’s stock worth $31,860,000 after purchasing an additional 114,068 shares in the last quarter. Bank of America Corp DE raised its holdings in The Hackett Group by 6.5% in the first quarter. Bank of America Corp DE now owns 775,612 shares of the business services provider’s stock valued at $17,886,000 after acquiring an additional 47,632 shares in the last quarter. State Street Corp raised its holdings in The Hackett Group by 2.1% in the second quarter. State Street Corp now owns 598,137 shares of the business services provider’s stock valued at $11,412,000 after acquiring an additional 12,386 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in The Hackett Group by 7.2% in the first quarter. Earnest Partners LLC now owns 480,161 shares of the business services provider’s stock valued at $11,073,000 after acquiring an additional 32,213 shares in the last quarter. Institutional investors and hedge funds own 76.62% of the company’s stock.

The Hackett Group Stock Up 2.3 %

HCKT stock opened at $19.96 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.91. The Hackett Group, Inc. has a twelve month low of $17.10 and a twelve month high of $23.42. The company’s 50 day moving average is $18.48 and its two-hundred day moving average is $20.29. The stock has a market cap of $542.71 million, a P/E ratio of 15.97, a PEG ratio of 1.07 and a beta of 0.85.

The Hackett Group (NASDAQ:HCKT – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The Hackett Group had a net margin of 13.29% and a return on equity of 32.61%. The company had revenue of $70.12 million for the quarter, compared to analysts’ expectations of $67.05 million. During the same quarter last year, the company earned $0.26 earnings per share. Research analysts expect that The Hackett Group, Inc. will post 1.35 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 23rd will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, June 22nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.20%. The Hackett Group’s dividend payout ratio (DPR) is presently 35.20%.

Analyst Ratings Changes

Several brokerages recently weighed in on HCKT. Barrington Research reduced their target price on shares of The Hackett Group from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, February 23rd. StockNews.com began coverage on shares of The Hackett Group in a report on Thursday. They issued a “buy” rating on the stock. Finally, Craig Hallum cut shares of The Hackett Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $30.00 to $25.00 in a report on Wednesday, February 22nd.

The Hackett Group Company Profile

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The Hackett Group, Inc engages in the provision of business and technology consulting services. The firm’s services include benchmarking, executive advisory, business transformation, enterprise performance management, training and advisory to global business services. It also produces digital transformation including robotic process automation and enterprise cloud application implementation.