The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,213 shares of the business services provider’s stock after selling 15,678 shares during the period. Teacher Retirement System of Texas’ holdings in The Hackett Group were worth $4,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hotchkis & Wiley Capital Management LLC bought a new position in The Hackett Group during the 3rd quarter valued at $3,256,000. Dean Investment Associates LLC raised its stake in shares of The Hackett Group by 57.2% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its position in shares of The Hackett Group by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock worth $2,598,000 after purchasing an additional 48,661 shares during the last quarter. Barclays PLC grew its stake in The Hackett Group by 202.1% in the third quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock worth $1,481,000 after purchasing an additional 37,695 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of The Hackett Group in the 4th quarter valued at approximately $1,056,000. 78.12% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group Stock Down 0.7 %

HCKT opened at $28.53 on Monday. The stock’s 50 day moving average price is $30.26 and its 200 day moving average price is $29.08. 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 stock has a market cap of $792.88 million, a P/E ratio of 26.92, a P/E/G 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 Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, research analysts predict that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid 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 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, March 21st. The Hackett Group’s dividend payout ratio is currently 45.28%.

Analyst Ratings Changes

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

The Hackett Group Company 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.