State of Wyoming Acquires 747 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

State of Wyoming boosted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,821 shares of the business services provider’s stock after acquiring an additional 747 shares during the quarter. State of Wyoming’s holdings in The Hackett Group were worth $609,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in The Hackett Group by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock worth $2,598,000 after acquiring an additional 48,661 shares during the last quarter. Principal Financial Group Inc. bought a new position in The Hackett Group in the 4th quarter worth about $248,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of The Hackett Group during the 4th quarter valued at about $258,000. Proficio Capital Partners LLC bought a new position in shares of The Hackett Group during the 4th quarter valued at about $631,000. Finally, Wellington Management Group LLP increased its position in shares of The Hackett Group by 5.2% during 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 purchasing an additional 19,300 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 24th. Barrington Research reduced their price objective on The Hackett Group from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

The Hackett Group Price Performance

Shares of The Hackett Group stock opened at $25.85 on Monday. The firm has a market capitalization of $714.88 million, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a 12 month low of $21.12 and a 12 month high of $34.02. The business’s 50-day moving average price is $26.84 and its 200-day moving average price is $29.33. 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 (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 the consensus estimate of $0.41 by ($0.06). The company had revenue of $77.46 million for the quarter, compared to analysts’ expectations of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. Sell-side analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Announces Dividend

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

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.