Connors Investor Services Inc. Sells 27,684 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Connors Investor Services Inc. decreased its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 31.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 60,126 shares of the business services provider’s stock after selling 27,684 shares during the period. Connors Investor Services Inc.’s holdings in The Hackett Group were worth $1,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Halpern Financial Inc. acquired a new stake in shares of The Hackett Group during the 4th quarter valued at $29,000. New York State Teachers Retirement System acquired a new stake in shares of The Hackett Group during the 1st quarter valued at $55,000. AJOVista LLC acquired a new stake in shares of The Hackett Group during the 4th quarter valued at $69,000. Hennessy Advisors Inc. acquired a new stake in shares of The Hackett Group during the 4th quarter valued at $110,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The Hackett Group by 23.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,136 shares of the business services provider’s stock valued at $162,000 after acquiring an additional 1,351 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $26.00 price objective on shares of The Hackett Group in a report on Tuesday, May 28th.

The Hackett Group Trading Down 0.8 %

HCKT traded down $0.20 during midday trading on Friday, hitting $23.81. 53,542 shares of the company were exchanged, compared to its average volume of 105,265. The firm has a market capitalization of $657.39 million, a P/E ratio of 18.90, a P/E/G ratio of 1.37 and a beta of 0.91. The Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $26.69. The firm’s 50 day moving average price is $21.98 and its 200-day moving average price is $22.87. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.33.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, May 7th. The business services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $75.73 million for the quarter, compared to the consensus estimate of $73.85 million. The Hackett Group had a return on equity of 40.62% and a net margin of 11.48%. As a group, equities analysts forecast that The Hackett Group, Inc. will post 1.28 EPS for the current fiscal year.

The Hackett Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 21st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, June 21st. The Hackett Group’s payout ratio is presently 34.92%.

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.