Wesbanco Bank Inc. Has $1.31 Million Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Wesbanco Bank Inc. reduced its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 42,656 shares of the business services provider’s stock after selling 1,000 shares during the period. Wesbanco Bank Inc.’s holdings in The Hackett Group were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC grew its position in The Hackett Group by 8.4% in the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares in the last quarter. Versant Capital Management Inc increased its position in shares of The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 738 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in The Hackett Group by 5.2% during the second quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock worth $327,000 after acquiring an additional 748 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in The Hackett Group by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after acquiring an additional 851 shares during the period. Finally, Sei Investments Co. boosted its position in The Hackett Group by 1.7% in the second quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock worth $1,218,000 after purchasing an additional 941 shares during the last quarter. 78.12% of the stock is owned by institutional investors.

The Hackett Group Stock Performance

NASDAQ HCKT opened at $30.34 on Friday. The company’s 50 day moving average is $30.85 and its 200-day moving average is $27.52. The firm has a market cap of $837.08 million, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $32.83. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, December 20th. This represents a $0.44 dividend on an annualized basis 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 research reports. Craig Hallum increased their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barrington Research restated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research note on Tuesday, November 5th. Finally, Roth Mkm lifted their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

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.