The Hackett Group, Inc. (NASDAQ:HCKT) Shares Purchased by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. lifted its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 11.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,302 shares of the business services provider’s stock after acquiring an additional 1,297 shares during the period. Watershed Asset Management L.L.C.’s holdings in The Hackett Group were worth $280,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ritholtz Wealth Management purchased a new stake in shares of The Hackett Group during the third quarter worth about $223,000. SG Americas Securities LLC acquired a new position in The Hackett Group in the third quarter valued at approximately $111,000. Linden Thomas Advisory Services LLC boosted its stake in The Hackett Group by 1.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 75,840 shares of the business services provider’s stock valued at $1,789,000 after acquiring an additional 1,255 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Hackett Group by 96.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,785 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 2,845 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in The Hackett Group by 38.4% in the third quarter. Mackenzie Financial Corp now owns 13,089 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 3,630 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

Wall Street Analyst Weigh In

HCKT has been the subject of a number of research reports. Barrington Research restated an “outperform” rating and issued a $28.00 target price on shares of The Hackett Group in a research note on Wednesday, February 21st. Craig Hallum upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, February 21st. Finally, StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th.

The Hackett Group Stock Performance

Shares of NASDAQ HCKT traded down $0.03 during midday trading on Tuesday, hitting $22.47. 66,322 shares of the company’s stock were exchanged, compared to its average volume of 89,857. 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 stock’s 50 day moving average price is $23.89 and its 200-day moving average price is $23.13. The firm has a market cap of $619.72 million, a P/E ratio of 18.12, a PEG ratio of 1.18 and a beta of 0.84. The Hackett Group, Inc. has a twelve month low of $17.18 and a twelve month high of $26.69.

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

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.44 annualized dividend and a yield of 1.96%. The Hackett Group’s payout ratio is 35.48%.

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.