Seizert Capital Partners LLC Has $369,000 Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Seizert Capital Partners LLC grew its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,020 shares of the business services provider’s stock after acquiring an additional 1,941 shares during the quarter. Seizert Capital Partners LLC’s holdings in The Hackett Group were worth $369,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HCKT. Versant Capital Management Inc boosted its stake in shares of 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 valued at $29,000 after purchasing an additional 738 shares in the last quarter. Sanctuary Advisors LLC boosted its position in The Hackett Group by 4.6% in the fourth quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock valued at $738,000 after buying an additional 1,059 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of The Hackett Group by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock worth $6,996,000 after buying an additional 1,350 shares during the last quarter. Quantbot Technologies LP lifted 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 valued at $72,000 after acquiring an additional 2,174 shares during the last quarter. Finally, Legato Capital Management LLC boosted its holdings in shares of The Hackett Group by 4.3% during the 4th quarter. Legato Capital Management LLC now owns 56,629 shares of the business services provider’s stock valued at $1,740,000 after acquiring an additional 2,337 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Stock Performance

NASDAQ HCKT opened at $29.54 on Thursday. 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 company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $34.02. The stock has a fifty day simple moving average of $30.65 and a 200 day simple moving average of $28.85.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly 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 during the quarter, compared to analyst estimates 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 expect that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, March 21st. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s dividend payout ratio (DPR) is currently 45.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HCKT shares. Barrington Research upped their target price on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.