Boston Partners lowered its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 27.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 218,585 shares of the business services provider’s stock after selling 82,187 shares during the period. Boston Partners’ holdings in The Hackett Group were worth $3,454,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in HCKT. Wedge Capital Management L L P NC raised its stake in shares of The Hackett Group by 40.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 104,966 shares of the business services provider’s stock valued at $1,658,000 after acquiring an additional 30,189 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of The Hackett Group in the 1st quarter valued at approximately $311,000. SG Americas Securities LLC bought a new position in shares of The Hackett Group in the 1st quarter valued at approximately $120,000. Assenagon Asset Management S.A. bought a new position in shares of The Hackett Group in the 1st quarter valued at approximately $575,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of The Hackett Group by 4,079.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,015 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 4,895 shares in the last quarter. 78.78% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. Barrington Research set a $22.00 price objective on The Hackett Group and gave the company a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised The Hackett Group from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. BidaskClub downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Roth Capital reissued a “buy” rating on shares of The Hackett Group in a research note on Wednesday, February 20th. Finally, ValuEngine downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.50.
HCKT opened at $16.30 on Thursday. The company has a market capitalization of $479.41 million, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.10. The Hackett Group, Inc. has a 12-month low of $15.16 and a 12-month high of $22.84.
The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, May 7th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $62.40 million for the quarter, compared to analyst estimates of $65.99 million. The Hackett Group had a return on equity of 21.76% and a net margin of 8.35%. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Research analysts expect that The Hackett Group, Inc. will post 0.9 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be issued a $0.18 dividend. The ex-dividend date is Thursday, June 27th. This represents a yield of 2.17%. This is a positive change from The Hackett Group’s previous semiannual dividend of $0.17. The Hackett Group’s dividend payout ratio (DPR) is 32.08%.
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About The Hackett Group
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.
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