Franklin Resources Inc. lessened its position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 20.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 114,048 shares of the business services provider's stock after selling 29,921 shares during the period. Franklin Resources Inc. owned approximately 0.41% of The Hackett Group worth $3,504,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in The Hackett Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider's stock valued at $67,173,000 after purchasing an additional 16,682 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of The Hackett Group by 4.4% in the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider's stock valued at $18,399,000 after buying an additional 29,699 shares in the last quarter. State Street Corp boosted its stake 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 valued at $16,927,000 after buying an additional 25,249 shares in the last quarter. Boston Partners grew its holdings in The Hackett Group by 2.9% during the fourth quarter. Boston Partners now owns 525,435 shares of the business services provider's stock worth $16,086,000 after acquiring an additional 14,676 shares during the period. Finally, Wellington Management Group LLP raised its position in The Hackett Group by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider's stock worth $12,082,000 after acquiring an additional 19,300 shares in the last quarter. Hedge funds and other institutional investors own 78.12% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on HCKT shares. Barrington Research reaffirmed an "outperform" rating and set a $36.00 price target on shares of The Hackett Group in a research note on Friday. StockNews.com lowered shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.67.
Check Out Our Latest Stock Analysis on The Hackett Group
The Hackett Group Price Performance
NASDAQ:HCKT traded down $0.11 during mid-day trading on Tuesday, hitting $26.25. 94,835 shares of the company's stock traded hands, compared to its average volume of 110,868. The Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $34.02. The company has a market cap of $729.51 million, a PE ratio of 24.76, a price-to-earnings-growth 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 firm's 50 day simple moving average is $29.24 and its 200 day simple moving average is $29.29.
The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The company had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. Sell-side analysts expect that The Hackett Group, Inc. will post 1.43 EPS for the current year.
The Hackett Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.12 dividend. This is an increase from The Hackett Group's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, March 21st. The Hackett Group's dividend payout ratio is currently 45.28%.
The Hackett Group Profile
(
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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