Fisher Asset Management LLC Sells 4,079 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Fisher Asset Management LLC lessened its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,059 shares of the business services provider’s stock after selling 4,079 shares during the quarter. Fisher Asset Management LLC owned approximately 0.25% of The Hackett Group worth $2,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in The Hackett Group by 353.1% during the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 738 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of The Hackett Group by 383.4% in the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after acquiring an additional 2,174 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of The Hackett Group during the fourth quarter valued at approximately $207,000. Principal Financial Group Inc. purchased a new stake in shares of The Hackett Group in the 4th quarter worth approximately $248,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in The Hackett Group during the 4th quarter valued at approximately $258,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Price Performance

NASDAQ HCKT opened at $29.54 on Thursday. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $34.02. The stock has a 50-day moving average of $30.65 and a 200 day moving average of $28.85. 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 company has a market capitalization of $815.10 million, a price-to-earnings ratio of 27.87, a PEG ratio of 1.53 and a beta of 0.99.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data 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 Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. The company had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. On average, sell-side analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. This is a positive change from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s payout ratio is presently 45.28%.

Wall Street Analysts Forecast Growth

HCKT has been the subject of several analyst reports. Barrington Research raised their price target on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. StockNews.com downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Hackett Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

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.