17,675 Shares in The Hackett Group, Inc. (NASDAQ:HCKT) Purchased by Quest Partners LLC

Quest Partners LLC purchased a new stake in The Hackett Group, Inc. (NASDAQ:HCKT) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 17,675 shares of the business services provider’s stock, valued at approximately $402,000.

Other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in The Hackett Group by 96.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,785 shares of the business services provider’s stock worth $136,000 after purchasing an additional 2,845 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of The Hackett Group during the third quarter worth about $253,000. LSV Asset Management lifted its stake in shares of The Hackett Group by 74.4% in the third quarter. LSV Asset Management now owns 142,800 shares of the business services provider’s stock worth $3,369,000 after acquiring an additional 60,900 shares in the last quarter. Barclays PLC lifted its stake in shares of The Hackett Group by 70.7% in the third quarter. Barclays PLC now owns 16,754 shares of the business services provider’s stock worth $395,000 after acquiring an additional 6,940 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of The Hackett Group by 0.6% in the third quarter. Boston Partners now owns 601,304 shares of the business services provider’s stock worth $14,035,000 after acquiring an additional 3,666 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Stock Up 0.8 %

HCKT traded up $0.18 during trading on Friday, hitting $21.53. The company had a trading volume of 90,252 shares, compared to its average volume of 104,838. The company has a market capitalization of $594.44 million, a PE ratio of 17.09, a PEG ratio of 1.23 and a beta of 0.87. The Hackett Group, Inc. has a one year low of $19.09 and a one year high of $26.69. The firm’s 50-day moving average price is $22.70 and its 200 day moving average price is $22.96. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.33.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $71.17 million for the quarter, compared to analyst estimates of $69.65 million. The Hackett Group had a return on equity of 40.62% and a net margin of 11.48%. As a group, equities analysts expect that The Hackett Group, Inc. will post 1.28 earnings per share for the current year.

The Hackett Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, June 21st. The Hackett Group’s dividend payout ratio is currently 34.92%.

Analyst Ratings Changes

Several research firms have recently commented on HCKT. Craig Hallum raised The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, February 21st. Barrington Research cut their price objective on The Hackett Group from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, StockNews.com downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th.

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.