The Manufacturers Life Insurance Company Sells 504 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

The Manufacturers Life Insurance Company lessened its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,375 shares of the business services provider’s stock after selling 504 shares during the period. The Manufacturers Life Insurance Company’s holdings in The Hackett Group were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP raised its stake in The Hackett Group by 52.5% in the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 1,439 shares during the period. Longboard Asset Management LP bought a new stake in The Hackett Group in the 4th quarter valued at $207,000. Arizona State Retirement System bought a new stake in The Hackett Group in the 4th quarter valued at $221,000. Principal Financial Group Inc. bought a new stake in The Hackett Group in the 4th quarter valued at $248,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in The Hackett Group in the 4th quarter valued at $258,000. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Performance

Shares of NASDAQ HCKT opened at $25.85 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The stock’s fifty day moving average price is $26.84 and its two-hundred day moving average price is $29.33. The Hackett Group, Inc. has a one year low of $21.12 and a one year high of $34.02. The firm has a market cap of $714.88 million, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.53 and a beta of 0.96.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 EPS 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 firm had revenue of $77.46 million during the quarter, compared to analyst estimates of $75.64 million. On average, equities analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, June 20th. The Hackett Group’s dividend payout ratio is 56.47%.

Analyst Ratings Changes

HCKT has been the topic of a number of research analyst reports. StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 24th. Barrington Research dropped their price target on The Hackett Group from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

The Hackett Group Company 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.