Wesbanco Bank Inc. Sells 1,000 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Wesbanco Bank Inc. lessened its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,656 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Wesbanco Bank Inc. owned approximately 0.15% of The Hackett Group worth $1,310,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HCKT. SG Americas Securities LLC increased its holdings in The Hackett Group by 21.0% in the 4th quarter. SG Americas Securities LLC now owns 14,777 shares of the business services provider’s stock worth $454,000 after purchasing an additional 2,563 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of The Hackett Group during the fourth quarter worth about $258,000. Harbor Capital Advisors Inc. increased its stake in shares of The Hackett Group by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 255,183 shares of the business services provider’s stock valued at $7,839,000 after buying an additional 3,694 shares during the period. Versant Capital Management Inc raised its holdings in 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 buying an additional 738 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in The Hackett Group by 96.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock worth $2,598,000 after buying an additional 48,661 shares during the period. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Price Performance

Shares of NASDAQ HCKT opened at $30.34 on Friday. The company has a market capitalization of $837.08 million, a PE ratio of 24.87, a P/E/G ratio of 1.52 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 $32.83. The firm has a fifty day simple moving average of $30.85 and a 200 day simple moving average of $27.52.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.45%. The Hackett Group’s payout ratio is 36.07%.

Analysts Set New Price Targets

HCKT has been the subject of several analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research note on Tuesday, November 5th. Craig Hallum raised their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm upped their price target on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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.