Haven Private LLC Buys Shares of 23,288 The Hackett Group, Inc. (NASDAQ:HCKT)

Haven Private LLC acquired a new position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 23,288 shares of the business services provider's stock, valued at approximately $715,000. Haven Private LLC owned approximately 0.08% of The Hackett Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HCKT. Hotchkis & Wiley Capital Management LLC bought a new position in shares of The Hackett Group during the third quarter worth approximately $3,256,000. Dean Investment Associates LLC increased its stake in 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 worth $4,352,000 after acquiring an additional 60,307 shares during the period. JPMorgan Chase & Co. raised its holdings in The Hackett Group by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider's stock valued at $2,598,000 after acquiring an additional 48,661 shares in the last quarter. Barclays PLC lifted its position in shares of The Hackett Group by 202.1% during the 3rd 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. Finally, Raymond James Financial Inc. acquired a new stake in shares of The Hackett Group during the 4th quarter worth $1,056,000. Institutional investors own 78.12% of the company's stock.

The Hackett Group Price Performance

Shares of HCKT traded up $0.01 during trading hours on Tuesday, reaching $28.79. The stock had a trading volume of 97,255 shares, compared to its average volume of 110,612. 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, Inc. has a 12 month low of $20.23 and a 12 month high of $34.02. The stock has a market capitalization of $800.10 million, a PE ratio of 27.16, a PEG ratio of 1.53 and a beta of 1.03. The company's 50-day moving average is $30.54 and its two-hundred day moving average is $28.93.

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The Hackett Group (NASDAQ:HCKT - Get Free Report) last posted its 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 firm had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. 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 announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 21st. 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 1.67%. The Hackett Group's payout ratio is presently 45.28%.

Analyst Ratings Changes

A number of research analysts recently commented on HCKT shares. StockNews.com downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 27th. Barrington Research upped their price target on shares of The Hackett Group from $28.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, The Hackett Group has an average rating of "Moderate Buy" and a consensus target price of $32.67.

The Hackett Group 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.