Bokf Na Sells 2,237 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Bokf Na decreased its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 28.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,722 shares of the business services provider’s stock after selling 2,237 shares during the period. Bokf Na’s holdings in The Hackett Group were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of The Hackett Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider’s stock worth $67,173,000 after acquiring an additional 16,682 shares in the last quarter. Geode Capital Management LLC raised its holdings in The Hackett Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider’s stock worth $22,002,000 after purchasing an additional 15,819 shares in the last quarter. Boston Partners lifted its position in shares of The Hackett Group by 2.9% during the fourth quarter. Boston Partners now owns 525,435 shares of the business services provider’s stock valued at $16,086,000 after buying an additional 14,676 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of The Hackett Group by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider’s stock valued at $12,082,000 after buying an additional 19,300 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of The Hackett Group by 1.7% in the 4th quarter. Wells Fargo & Company MN now owns 322,655 shares of the business services provider’s stock worth $9,912,000 after buying an additional 5,459 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HCKT shares. Barrington Research lowered their target price on shares of The Hackett Group from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday. StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, The Hackett Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

The Hackett Group Trading Up 0.5 %

NASDAQ HCKT opened at $24.78 on Friday. The Hackett Group, Inc. has a 12-month low of $21.12 and a 12-month high of $34.02. The company has a fifty day simple moving average of $27.18 and a two-hundred day simple moving average of $29.26. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a market cap of $685.09 million, a P/E ratio of 23.38, a P/E/G ratio of 1.53 and a beta of 0.96.

The Hackett Group (NASDAQ:HCKT) last issued its 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 firm had revenue of $77.46 million during the quarter, compared to analysts’ expectations of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. On average, analysts forecast that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, June 20th. The Hackett Group’s payout ratio is 45.28%.

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.