LSV Asset Management Has $4.03 Million Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

LSV Asset Management grew its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 23.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,000 shares of the business services provider’s stock after buying an additional 34,200 shares during the quarter. LSV Asset Management owned 0.65% of The Hackett Group worth $4,030,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HCKT. Halpern Financial Inc. bought a new stake in shares of The Hackett Group in the fourth quarter valued at about $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of The Hackett Group in the 3rd quarter valued at approximately $34,000. SG Americas Securities LLC bought a new stake in shares of The Hackett Group in the 3rd quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of The Hackett Group by 96.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,785 shares of the business services provider’s stock worth $136,000 after acquiring an additional 2,845 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in The Hackett Group during the third quarter worth approximately $253,000. Institutional investors own 78.12% of the company’s stock.

Analysts Set New Price Targets

HCKT has been the subject of several research reports. StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Barrington Research lowered their target price on The Hackett Group from $28.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Craig Hallum raised shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, February 21st.

The Hackett Group Stock Down 2.9 %

Shares of NASDAQ:HCKT opened at $21.56 on Thursday. The company has a market capitalization of $594.73 million, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The Hackett Group, Inc. has a 1 year low of $17.18 and a 1 year high of $26.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.51. The business has a fifty day moving average price of $23.42 and a two-hundred day moving average price of $23.04.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The Hackett Group had a net margin of 11.52% and a return on equity of 43.58%. The company had revenue of $71.17 million for the quarter, compared to the consensus estimate of $69.65 million. Analysts forecast that The Hackett Group, Inc. will post 1.42 earnings per share for the current year.

The Hackett Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, March 21st. The Hackett Group’s dividend payout ratio (DPR) is presently 35.48%.

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.