The Hackett Group, Inc. (NASDAQ:HCKT) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 393,291 shares of the business services provider's stock after purchasing an additional 19,300 shares during the quarter. Wellington Management Group LLP owned approximately 1.43% of The Hackett Group worth $12,082,000 as of its most recent filing with the SEC.

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

The Hackett Group Trading Up 0.6 %

The Hackett Group stock traded up $0.16 during mid-day trading on Tuesday, hitting $26.52. The company's stock had a trading volume of 9,778 shares, compared to its average volume of 110,543. The stock's fifty day moving average is $29.24 and its two-hundred day moving average is $29.29. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $737.02 million, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98. The Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $34.02.

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The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly 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 Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The business had revenue of $77.46 million for the quarter, compared to analysts' expectations of $75.64 million. On average, analysts anticipate that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.12 dividend. This is a positive change from The Hackett Group's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, March 21st. The Hackett Group's dividend payout ratio is currently 45.28%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HCKT shares. StockNews.com cut The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 10th. Barrington Research reaffirmed an "outperform" rating and issued a $36.00 target price on shares of The Hackett Group in a research note on Friday. One research 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 Hackett Group has a consensus 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.