The Hackett Group, Inc. (NASDAQ:HCKT) Shares Bought by Aristides Capital LLC

Aristides Capital LLC lifted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,859 shares of the business services provider's stock after buying an additional 17,040 shares during the period. The Hackett Group comprises 1.0% of Aristides Capital LLC's holdings, making the stock its 17th largest holding. Aristides Capital LLC owned approximately 0.57% of The Hackett Group worth $4,849,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC raised its stake in shares of The Hackett Group by 202.1% in the third quarter. Barclays PLC now owns 56,350 shares of the business services provider's stock valued at $1,481,000 after acquiring an additional 37,695 shares during the period. Geode Capital Management LLC raised its position in The Hackett Group by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider's stock worth $18,399,000 after purchasing an additional 29,699 shares during the period. State Street Corp lifted its stake in The Hackett Group by 4.1% in the third quarter. State Street Corp now owns 641,783 shares of the business services provider's stock worth $16,927,000 after purchasing an additional 25,249 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of The Hackett Group by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider's stock valued at $2,598,000 after buying an additional 48,661 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of The Hackett Group during the fourth quarter valued at approximately $248,000. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HCKT. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of The Hackett Group in a research note on Friday. StockNews.com downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

The Hackett Group Trading Up 0.1 %

Shares of NASDAQ HCKT traded up $0.04 during trading hours on Friday, reaching $26.38. The stock had a trading volume of 48,001 shares, compared to its average volume of 110,188. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $34.02. The firm has a market cap of $732.99 million, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.53 and a beta of 0.98. The business's fifty day moving average price is $29.46 and its two-hundred day moving average price is $29.26. 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 Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its earnings results 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 firm had revenue of $77.46 million during the quarter, compared to analysts' expectations of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. Analysts expect that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.12 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.82%. This is a positive change from The Hackett Group's previous quarterly dividend of $0.11. The Hackett Group's payout ratio is currently 45.28%.

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.