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

Vanguard Group Inc. lifted its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,186,611 shares of the business services provider's stock after acquiring an additional 16,682 shares during the period. Vanguard Group Inc. owned 7.93% of The Hackett Group worth $67,173,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HCKT. Versant Capital Management Inc boosted its holdings in shares of The Hackett Group by 353.1% in the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock valued at $29,000 after buying an additional 738 shares in the last quarter. Quantbot Technologies LP boosted its stake in The Hackett Group by 52.5% in the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock valued at $128,000 after acquiring an additional 1,439 shares in the last quarter. Longboard Asset Management LP purchased a new position in The Hackett Group in the fourth quarter worth $207,000. Arizona State Retirement System acquired a new position in shares of The Hackett Group during the fourth quarter worth $221,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of The Hackett Group during the 4th quarter valued at $248,000. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HCKT has been the topic of several research analyst reports. StockNews.com downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 10th. Barrington Research restated an "outperform" rating and set a $36.00 price target on shares of The Hackett Group in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, The Hackett Group currently has an average rating of "Moderate Buy" and a consensus target price of $32.67.

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The Hackett Group Stock Performance

HCKT traded down $0.11 on Tuesday, reaching $26.25. 38,414 shares of the stock were exchanged, compared to its average volume of 110,662. The company's 50-day moving average price is $29.24 and its 200 day moving average price is $29.29. 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 firm has a market capitalization of $729.51 million, a PE ratio of 24.76, a PEG ratio of 1.53 and a beta of 0.98. The Hackett Group, Inc. has a fifty-two week low of $20.23 and a fifty-two week high of $34.02.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last posted 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 business had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, sell-side analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from The Hackett Group's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.83%. The Hackett Group's dividend payout ratio is 45.28%.

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.