The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,900 shares of the business services provider’s stock after selling 5,545 shares during the period. Corient Private Wealth LLC’s holdings in The Hackett Group were worth $1,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of 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 valued at $29,000 after purchasing an additional 738 shares during the period. Quantbot Technologies LP increased its holdings 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 worth $72,000 after buying an additional 2,174 shares during the period. Longboard Asset Management LP purchased a new position in The Hackett Group during the 4th quarter worth approximately $207,000. Arizona State Retirement System acquired a new stake in The Hackett Group during the 4th quarter valued at approximately $221,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of The Hackett Group in the 4th quarter valued at $248,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Performance

HCKT opened at $28.82 on Wednesday. The firm has a fifty day moving average price of $30.24 and a 200 day moving average price of $29.12. The Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $34.02. The stock has a market cap of $800.94 million, a P/E ratio of 27.19, a P/E/G ratio of 1.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51.

The Hackett Group (NASDAQ:HCKT) last issued 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 Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The firm had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. Equities research analysts anticipate that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.12 dividend. This is a positive change from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, March 21st. The Hackett Group’s dividend payout ratio (DPR) is presently 45.28%.

Analyst Ratings Changes

Several brokerages recently issued reports on HCKT. Barrington Research raised their target price on shares of The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.