The Hackett Group, Inc. (NASDAQ:HCKT) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKTFree Report) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 256,795 shares of the business services provider’s stock after purchasing an additional 2,299 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.94% of The Hackett Group worth $5,847,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in The Hackett Group by 90.7% in the third quarter. Envestnet Asset Management Inc. now owns 227,061 shares of the business services provider’s stock valued at $5,356,000 after acquiring an additional 107,963 shares during the period. Wellington Management Group LLP lifted its holdings in 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 during the period. Mackenzie Financial Corp lifted its holdings in The Hackett Group by 7.5% in the fourth quarter. Mackenzie Financial Corp now owns 14,069 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 980 shares during the period. Barclays PLC lifted its holdings in The Hackett Group by 70.7% in the third quarter. Barclays PLC now owns 16,754 shares of the business services provider’s stock valued at $395,000 after acquiring an additional 6,940 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Hackett Group by 23.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,136 shares of the business services provider’s stock valued at $162,000 after buying an additional 1,351 shares in the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Trading Up 1.5 %

The Hackett Group stock opened at $22.31 on Monday. The stock has a market cap of $615.98 million, a PE ratio of 17.71, a P/E/G ratio of 1.29 and a beta of 0.87. The stock has a 50-day moving average price of $22.46 and a 200 day moving average price of $22.98. The Hackett Group, Inc. has a 52 week low of $19.09 and a 52 week high of $26.69. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.33.

The Hackett Group (NASDAQ:HCKTGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $75.73 million during the quarter, compared to analysts’ expectations of $73.85 million. The Hackett Group had a return on equity of 40.62% and a net margin of 11.48%. Equities research analysts predict that The Hackett Group, Inc. will post 1.28 earnings per share for the current fiscal year.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, June 21st. The Hackett Group’s dividend payout ratio (DPR) is 34.92%.

Analyst Upgrades and Downgrades

HCKT has been the subject of a number of research analyst reports. Barrington Research restated an “outperform” rating and issued a $26.00 price target on shares of The Hackett Group in a research report on Tuesday, May 28th. StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Craig Hallum upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, February 21st.

Read Our Latest Research Report on The Hackett Group

The Hackett Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for The Hackett Group (NASDAQ:HCKT)

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