Aviva PLC grew its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 134.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,455 shares of the business services provider's stock after acquiring an additional 11,164 shares during the quarter. Aviva PLC owned about 0.07% of The Hackett Group worth $598,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of HCKT. Barclays PLC raised its stake in shares of The Hackett Group by 202.1% in the 3rd quarter. Barclays PLC now owns 56,350 shares of the business services provider's stock worth $1,481,000 after buying an additional 37,695 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 in the last quarter. State Street Corp lifted its stake in The Hackett Group by 4.1% during the third quarter. State Street Corp now owns 641,783 shares of the business services provider's stock valued at $16,927,000 after purchasing an additional 25,249 shares during the last quarter. JPMorgan Chase & Co. grew its position in The Hackett Group by 96.9% in the third 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 last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of The Hackett Group in the fourth quarter valued at $248,000. Institutional investors own 78.12% of the company's stock.
The Hackett Group Stock Down 0.4 %
Shares of NASDAQ HCKT traded down $0.10 during mid-day trading on Tuesday, reaching $26.26. The company had a trading volume of 46,162 shares, compared to its average volume of 110,682. The stock has a fifty day moving average of $29.24 and a two-hundred day moving average of $29.29. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $34.02. The company has a market capitalization of $729.79 million, a price-to-earnings ratio of 24.77, a PEG ratio of 1.53 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The company had revenue of $77.46 million for the quarter, compared to analysts' expectations of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, equities research analysts expect that The Hackett Group, Inc. will post 1.43 EPS for the current 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 paid a dividend of $0.12 per share. This is a positive change from The Hackett Group's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.83%. The Hackett Group's dividend payout ratio is 45.28%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on HCKT. Barrington Research reaffirmed an "outperform" rating and set a $36.00 target price on shares of The Hackett Group in a research report on Friday. StockNews.com downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.
Read Our Latest Stock Analysis on HCKT
About The Hackett Group
(
Free Report)
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.
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