The Hackett Group, Inc. (NASDAQ:HCKT) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 55.7% during the fourth quarter, Holdings Channel reports. The fund owned 35,612 shares of the business services provider’s stock after purchasing an additional 12,743 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in The Hackett Group were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Swiss National Bank increased its holdings in shares of The Hackett Group by 1.4% in the 4th quarter. Swiss National Bank now owns 48,992 shares of the business services provider’s stock worth $1,505,000 after acquiring an additional 700 shares during the period. Stifel Financial Corp increased its holdings in shares of The Hackett Group by 3.5% in the 4th quarter. Stifel Financial Corp now owns 23,789 shares of the business services provider’s stock worth $731,000 after acquiring an additional 800 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of The Hackett Group by 0.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 232,844 shares of the business services provider’s stock worth $7,153,000 after acquiring an additional 952 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of The Hackett Group by 4.6% in the 4th quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock worth $738,000 after acquiring an additional 1,059 shares during the period. Finally, Alliancebernstein L.P. increased its stake in The Hackett Group by 3.5% during the 4th quarter. Alliancebernstein L.P. now owns 32,257 shares of the business services provider’s stock valued at $991,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Stock Up 0.6%

The Hackett Group stock opened at $25.76 on Wednesday. The stock has a market cap of $712.39 million, a price-to-earnings ratio of 24.30, a PEG ratio of 1.53 and a beta of 0.96. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $27.03 and its two-hundred day moving average price is $29.27. The Hackett Group, Inc. has a 52 week low of $21.12 and a 52 week high of $34.02.

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

The Hackett Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 20th. This represents a $0.48 annualized dividend and a dividend yield of 1.86%. The Hackett Group’s dividend payout ratio (DPR) is 56.47%.

Wall Street Analyst Weigh In

Several equities analysts have commented 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 Thursday, April 24th. Barrington Research lowered their target price on shares of 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.33.

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.