The Hackett Group, Inc. (NASDAQ:HCKT) Shares Bought by Barclays PLC

Barclays PLC boosted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 202.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,350 shares of the business services provider's stock after acquiring an additional 37,695 shares during the quarter. Barclays PLC owned about 0.20% of The Hackett Group worth $1,481,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its position in The Hackett Group by 293.2% during the 2nd quarter. Millennium Management LLC now owns 224,567 shares of the business services provider's stock worth $4,878,000 after purchasing an additional 167,453 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in The Hackett Group by 150.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider's stock valued at $6,607,000 after buying an additional 150,962 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of The Hackett Group during the 3rd quarter worth about $3,256,000. Dean Investment Associates LLC boosted 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 worth $4,352,000 after acquiring an additional 60,307 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its position in The Hackett Group by 47.1% during the third quarter. Pinnacle Associates Ltd. now owns 136,674 shares of the business services provider's stock worth $3,590,000 after purchasing an additional 43,775 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barrington Research restated an "outperform" rating and set a $28.00 price objective on shares of The Hackett Group in a report on Tuesday, November 5th. Craig Hallum upped their price target on The Hackett Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Roth Mkm lifted their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.00.

The Hackett Group Stock Up 0.8 %

The Hackett Group stock traded up $0.24 during trading on Monday, reaching $29.22. 64,277 shares of the company's stock were exchanged, compared to its average volume of 76,768. The company's 50-day moving average is $30.85 and its two-hundred day moving average is $27.09. 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 52-week low of $20.23 and a 52-week high of $32.83. The firm has a market cap of $806.27 million, a price-to-earnings ratio of 23.95, a PEG ratio of 1.73 and a beta of 0.99.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, December 20th. The Hackett Group's dividend payout ratio (DPR) is 36.07%.

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.