1 week Ago By Defense World Staff
Norges Bank acquired a new position in shares of The Hackett Group, Inc. ( NASDAQ:HCKT – Free Report ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,400 shares of the business services provider’s stock, valued at approximately $565,000.
Norges Bank owned approximately 0.07% of The Hackett Group at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently modified their holdings of the stock.
Swiss National Bank lifted its stake in shares of The Hackett Group by 1.4% in the fourth quarter. Swiss National Bank now owns 48,992 shares of the business services provider’s stock worth $1,505,000 after acquiring an additional 700 shares in the last quarter.
Versant Capital Management Inc increased its holdings in The Hackett Group by 353.1% during the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after purchasing an additional 738 shares during the last quarter.
Sanctuary Advisors LLC raised its position in shares of The Hackett Group by 4.6% in the 4th quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock valued at $738,000 after purchasing an additional 1,059 shares in the last quarter.
Avantax Advisory Services Inc. boosted its stake in shares of The Hackett Group by 2.5% during the 4th quarter.
Avantax Advisory Services Inc. now owns 46,927 shares of the business services provider’s stock valued at $1,442,000 after buying an additional 1,149 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of The Hackett Group by 52.
5% during the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider’s stock worth $128,000 after buying an additional 1,439 shares in the last quarter. Hedge funds and other institutional investors own 78.
12% of the company’s stock. Analyst Ratings Changes Several analysts recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $36.
00 price target on shares of The Hackett Group in a report on Friday. StockNews.com cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday.
One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, The Hackett Group presently has an average rating of “Moderate Buy” and an average price target of $32.67.
The Hackett Group Stock Performance Shares of HCKT opened at $26.26 on Friday. 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, Inc. has a 12-month low of $20.23 and a 12-month high of $34.
02. The business’s fifty day moving average price is $29.35 and its 200 day moving average price is $29.
27. The stock has a market capitalization of $729.79 million, a PE ratio of 24.
77, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98.
The Hackett Group ( NASDAQ:HCKT – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) 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 business had revenue of $77.
46 million during the quarter, compared to the consensus estimate of $75.64 million. Equities research analysts forecast that The Hackett Group, Inc.
will post 1.43 EPS for the current year. The Hackett Group Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, April 4th.
Investors of record on Friday, March 21st were issued a $0.12 dividend. This is an increase from The Hackett Group’s previous quarterly dividend of $0.
11. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.
48 annualized dividend and a dividend yield of 1.83%. The Hackett Group’s dividend payout ratio (DPR) is 45.
28%. The Hackett Group Profile ( Free Report ) 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.
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