AJOVista LLC Invests $69,000 in The Hackett Group, Inc. (NASDAQ:HCKT)

AJOVista LLC purchased a new stake in The Hackett Group, Inc. (NASDAQ:HCKT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,027 shares of the business services provider’s stock, valued at approximately $69,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Halpern Financial Inc. acquired a new position in shares of The Hackett Group in the 4th quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of The Hackett Group during the third quarter worth approximately $34,000. SG Americas Securities LLC bought a new position in The Hackett Group during the 3rd quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in The Hackett Group by 96.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,785 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 2,845 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Hackett Group by 23.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,136 shares of the business services provider’s stock worth $162,000 after buying an additional 1,351 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HCKT shares. StockNews.com cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th. Craig Hallum upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, February 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group in a research note on Wednesday, February 21st.

The Hackett Group Stock Performance

Shares of The Hackett Group stock traded up $0.18 during trading hours on Friday, reaching $22.14. The company had a trading volume of 81,608 shares, compared to its average volume of 85,753. The business has a fifty day simple moving average of $23.60 and a 200 day simple moving average of $23.06. The firm has a market cap of $610.62 million, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.15 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.51. The Hackett Group, Inc. has a one year low of $17.18 and a one year high of $26.69.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $71.17 million during the quarter, compared to the consensus estimate of $69.65 million. The Hackett Group had a net margin of 11.52% and a return on equity of 43.58%. On average, analysts anticipate that The Hackett Group, Inc. will post 1.42 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.11 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.44 annualized dividend and a yield of 1.99%. The Hackett Group’s dividend payout ratio is 35.48%.

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.