Integrated Quantitative Investments LLC Buys Shares of 8,650 The Hackett Group, Inc. (NASDAQ:HCKT)

Integrated Quantitative Investments LLC bought a new position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) in the fourth quarter, Holdings Channel.com reports. The firm bought 8,650 shares of the business services provider’s stock, valued at approximately $266,000.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in The Hackett Group by 353.1% in the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after buying an additional 738 shares during the period. Quantbot Technologies LP grew its position in shares of The Hackett Group by 383.4% in the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 2,174 shares in the last quarter. Longboard Asset Management LP purchased a new position in The Hackett Group during the 4th quarter valued at about $207,000. Arizona State Retirement System purchased a new position in The Hackett Group during the fourth quarter valued at approximately $221,000. Finally, Principal Financial Group Inc. bought a new stake in The Hackett Group during the 4th quarter worth approximately $248,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HCKT. StockNews.com upgraded shares of The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barrington Research lifted their target price on shares of The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, The Hackett Group presently has a consensus rating of “Buy” and an average price target of $32.67.

The Hackett Group Price Performance

Shares of The Hackett Group stock opened at $27.15 on Friday. The firm has a market capitalization of $754.53 million, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. 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 Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $34.02. The business’s 50-day moving average price is $30.00 and its 200-day moving average price is $29.28.

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 Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The business had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. Sell-side analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.12 dividend. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, March 21st. The Hackett Group’s payout ratio is 45.28%.

The Hackett Group 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.