SG Americas Securities LLC Acquires 2,539 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

SG Americas Securities LLC increased its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 54.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,231 shares of the business services provider’s stock after purchasing an additional 2,539 shares during the quarter. SG Americas Securities LLC’s holdings in The Hackett Group were worth $165,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in The Hackett Group by 93.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 254,496 shares of the business services provider’s stock worth $6,004,000 after buying an additional 123,182 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in The Hackett Group by 90.7% during the third quarter. Envestnet Asset Management Inc. now owns 227,061 shares of the business services provider’s stock worth $5,356,000 after buying an additional 107,963 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in The Hackett Group by 1.7% during the third quarter. Linden Thomas Advisory Services LLC now owns 75,840 shares of the business services provider’s stock worth $1,789,000 after buying an additional 1,255 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of The Hackett Group by 53.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 178,387 shares of the business services provider’s stock worth $4,208,000 after acquiring an additional 62,252 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of The Hackett Group by 15.2% in the third quarter. Wellington Management Group LLP now owns 576,042 shares of the business services provider’s stock worth $13,589,000 after acquiring an additional 76,000 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HCKT shares. Craig Hallum raised shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, February 21st. Barrington Research reissued an “outperform” rating and issued a $28.00 target price on shares of The Hackett Group in a report on Wednesday, February 21st. Finally, StockNews.com cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th.

The Hackett Group Stock Down 1.3 %

HCKT stock opened at $22.41 on Tuesday. The firm has a 50-day moving average price of $23.97 and a 200-day moving average price of $23.18. The stock has a market capitalization of $618.07 million, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 1.18 and a beta of 0.84. The Hackett Group, Inc. has a 12 month low of $17.18 and a 12 month high of $26.69. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.36.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $71.17 million during the quarter, compared to the consensus estimate of $69.65 million. The Hackett Group had a net margin of 11.52% and a return on equity of 43.58%. As a group, equities research analysts anticipate that The Hackett Group, Inc. will post 1.42 EPS for the current fiscal year.

The Hackett Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.96%. The Hackett Group’s dividend payout ratio (DPR) is presently 35.48%.

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.