The Hackett Group, Inc. (NASDAQ:HCKT) Shares Acquired by Boston Partners

Boston Partners lifted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 525,435 shares of the business services provider’s stock after purchasing an additional 14,676 shares during the period. Boston Partners owned approximately 1.90% of The Hackett Group worth $16,086,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of The Hackett Group by 4.4% in the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock worth $18,399,000 after acquiring an additional 29,699 shares in the last quarter. State Street Corp boosted its holdings in The Hackett Group by 4.1% in the third quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after purchasing an additional 25,249 shares during the period. Charles Schwab Investment Management Inc. grew its stake in The Hackett Group by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 270,272 shares of the business services provider’s stock worth $8,303,000 after purchasing an additional 3,955 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in The Hackett Group by 1.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 255,183 shares of the business services provider’s stock worth $7,839,000 after purchasing an additional 3,694 shares during the period. Finally, Dean Investment Associates LLC raised its position in The Hackett Group by 57.2% in the 3rd 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 in the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group Price Performance

Shares of NASDAQ HCKT opened at $28.72 on Friday. The stock’s 50-day simple moving average is $30.27 and its 200-day simple moving average is $29.02. 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 firm has a market capitalization of $798.16 million, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. 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) last released its quarterly earnings data 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 company had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. As a group, equities research analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s dividend payout ratio is currently 45.28%.

Analysts Set New Price Targets

HCKT has been the subject of a number of analyst reports. Barrington Research boosted their price objective on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. StockNews.com cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, The Hackett Group has an average rating of “Moderate Buy” and a consensus price target 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.