Mackenzie Financial Corp Grows Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Mackenzie Financial Corp grew its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,069 shares of the business services provider’s stock after acquiring an additional 980 shares during the period. Mackenzie Financial Corp’s holdings in The Hackett Group were worth $320,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in The Hackett Group by 93.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 254,496 shares of the business services provider’s stock worth $6,004,000 after purchasing an additional 123,182 shares during the period. Envestnet Asset Management Inc. grew its position in shares of The Hackett Group by 90.7% during the 3rd 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 increased its stake in shares of 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 valued at $1,789,000 after buying an additional 1,255 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of The Hackett Group by 53.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 178,387 shares of the business services provider’s stock valued at $4,208,000 after buying an additional 62,252 shares during the period. Finally, Wellington Management Group LLP raised 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 valued at $13,589,000 after acquiring an additional 76,000 shares in the last quarter. 78.12% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group Price Performance

HCKT opened at $21.95 on Friday. The firm has a market capitalization of $605.38 million, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.14 and a beta of 0.84. The business’s 50-day moving average is $23.80 and its two-hundred day moving average is $23.10. The Hackett Group, Inc. has a 1 year low of $17.18 and a 1 year high of $26.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.51 and a quick ratio of 1.51.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, February 20th. The business services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $71.17 million for the quarter, compared to the consensus estimate of $69.65 million. The Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. Research analysts anticipate that The Hackett Group, Inc. will post 1.42 earnings per share 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. Stockholders of record on Friday, March 22nd were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.44 annualized dividend and a dividend yield of 2.00%. The Hackett Group’s dividend payout ratio is presently 35.48%.

Analyst Ratings Changes

Several research analysts have issued reports on HCKT shares. Barrington Research reiterated an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a report on Wednesday, February 21st. Craig Hallum upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, February 21st. Finally, StockNews.com downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 27th.

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.