Intech Investment Management LLC Purchases New Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Intech Investment Management LLC bought a new stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,557 shares of the business services provider's stock, valued at approximately $355,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in shares of The Hackett Group by 18.1% during the third quarter. Victory Capital Management Inc. now owns 16,414 shares of the business services provider's stock valued at $431,000 after purchasing an additional 2,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of The Hackett Group by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider's stock worth $6,996,000 after buying an additional 1,350 shares in the last quarter. Quantbot Technologies LP raised its position in shares of The Hackett Group by 383.4% during the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider's stock worth $72,000 after buying an additional 2,174 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of The Hackett Group by 20.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,375 shares of the business services provider's stock worth $1,087,000 after acquiring an additional 7,078 shares during the period. Finally, Centiva Capital LP bought a new position in shares of The Hackett Group in the third quarter valued at approximately $294,000. Institutional investors own 78.12% of the company's stock.

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The Hackett Group Price Performance

The Hackett Group stock traded down $0.08 during mid-day trading on Friday, hitting $29.17. The company's stock had a trading volume of 150,233 shares, compared to its average volume of 107,444. The stock has a market capitalization of $810.66 million, a P/E ratio of 27.52, a P/E/G ratio of 1.53 and a beta of 1.03. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $34.02. The stock's fifty day moving average price is $30.18 and its two-hundred day moving average price is $29.18. The company has a quick ratio of 1.51, a current 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 (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $75.64 million. Research analysts forecast that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. This is a boost from The Hackett Group's previous quarterly dividend of $0.11. The ex-dividend date is Friday, March 21st. The Hackett Group's dividend payout ratio (DPR) is presently 45.28%.

Analysts Set New Price Targets

HCKT has been the topic of several recent analyst reports. Barrington Research boosted their target price on The Hackett Group from $28.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. StockNews.com downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.