Cubist Systematic Strategies LLC Increases Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Cubist Systematic Strategies LLC increased its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 55.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,612 shares of the business services provider’s stock after purchasing an additional 12,743 shares during the quarter. Cubist Systematic Strategies LLC owned 0.13% of The Hackett Group worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank boosted 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 valued at $1,505,000 after purchasing an additional 700 shares during the period. Stifel Financial Corp boosted its stake in The Hackett Group by 3.5% during the 4th quarter. Stifel Financial Corp now owns 23,789 shares of the business services provider’s stock valued at $731,000 after acquiring an additional 800 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in The Hackett Group by 0.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 232,844 shares of the business services provider’s stock valued at $7,153,000 after acquiring an additional 952 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in The Hackett Group by 4.6% during the 4th quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock valued at $738,000 after acquiring an additional 1,059 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in The Hackett Group by 3.5% during the 4th quarter. Alliancebernstein L.P. now owns 32,257 shares of the business services provider’s stock valued at $991,000 after acquiring an additional 1,100 shares during the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HCKT shares. StockNews.com downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 24th. Barrington Research reduced their price objective on shares of The Hackett Group from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.33.

The Hackett Group Stock Up 0.6%

Shares of NASDAQ:HCKT opened at $25.76 on Wednesday. The stock has a market capitalization of $712.39 million, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a 1-year low of $21.12 and a 1-year high of $34.02. The company’s fifty day moving average is $27.03 and its two-hundred day moving average is $29.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51.

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

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, June 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.86%. The Hackett Group’s dividend payout ratio (DPR) is 56.47%.

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.