Boston Partners Grows Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Boston Partners lifted its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 525,435 shares of the business services provider's stock after purchasing an additional 14,676 shares during the period. Boston Partners owned 1.90% of The Hackett Group worth $16,086,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in The Hackett Group during the third quarter valued at about $3,256,000. Dean Investment Associates LLC raised its position in shares of The Hackett Group by 57.2% in the third 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 period. JPMorgan Chase & Co. lifted its stake in shares of The Hackett Group by 96.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider's stock valued at $2,598,000 after buying an additional 48,661 shares in the last quarter. Barclays PLC boosted its holdings in 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 during the period. Finally, Raymond James Financial Inc. purchased a new position in The Hackett Group in the 4th quarter valued at approximately $1,056,000. Institutional investors own 78.12% of the company's stock.

The Hackett Group Price Performance

NASDAQ:HCKT traded down $0.04 during trading hours on Tuesday, hitting $28.82. The stock had a trading volume of 123,713 shares, compared to its average volume of 103,426. The company has a 50 day simple moving average of $30.25 and a two-hundred day simple moving average of $29.10. The firm has a market capitalization of $800.94 million, a price-to-earnings ratio of 27.19, a P/E/G ratio of 1.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $34.02.

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The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The company had revenue of $77.46 million during 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%. Research analysts forecast that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.67%. This is an increase 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 is 45.28%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HCKT. Barrington Research raised their price target 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, The Hackett Group has an average rating of "Moderate Buy" and a consensus target price of $32.67.

About The Hackett Group

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.