Barclays PLC Buys 37,695 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Barclays PLC raised its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 202.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,350 shares of the business services provider's stock after buying an additional 37,695 shares during the period. Barclays PLC owned about 0.20% of The Hackett Group worth $1,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HCKT. Dean Investment Associates LLC increased its position in shares of The Hackett Group by 57.2% during the 3rd quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider's stock valued at $4,352,000 after purchasing an additional 60,307 shares during the last quarter. State Street Corp boosted its holdings in shares of 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 buying an additional 25,249 shares during the last quarter. Stifel Financial Corp grew its position in The Hackett Group by 18.0% during the third quarter. Stifel Financial Corp now owns 22,989 shares of the business services provider's stock valued at $604,000 after buying an additional 3,501 shares during the period. Quantinno Capital Management LP purchased a new stake in The Hackett Group during the third quarter valued at approximately $276,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in The Hackett Group in the third quarter worth approximately $3,256,000. 78.12% of the stock is owned by institutional investors.

The Hackett Group Price Performance

Shares of HCKT traded down $0.17 during trading hours on Friday, reaching $30.87. 59,002 shares of the stock traded hands, compared to its average volume of 102,394. The company has a market cap of $851.80 million, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. 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 company's 50-day moving average price is $29.79 and its two-hundred day moving average price is $26.50. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $32.83.

The Hackett Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, December 20th. The Hackett Group's payout ratio is currently 36.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HCKT. Roth Mkm boosted their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Craig Hallum boosted their price target on The Hackett Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Barrington Research restated an "outperform" rating and issued a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently 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.