Alliancebernstein L.P. Increases Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Alliancebernstein L.P. increased its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 32,257 shares of the business services provider’s stock after buying an additional 1,100 shares during the quarter. Alliancebernstein L.P. owned about 0.12% of The Hackett Group worth $991,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp lifted its position in The Hackett Group by 18.0% during the third quarter. Stifel Financial Corp now owns 22,989 shares of the business services provider’s stock valued at $604,000 after purchasing an additional 3,501 shares during the period. State Street Corp raised its stake in The Hackett Group by 4.1% during the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after buying an additional 25,249 shares during the last quarter. Barclays PLC lifted its holdings in shares of The Hackett Group by 202.1% during the 3rd quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock valued at $1,481,000 after buying an additional 37,695 shares during the period. Geode Capital Management LLC lifted its holdings in shares of The Hackett Group by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock valued at $18,399,000 after buying an additional 29,699 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in shares of The Hackett Group by 9.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 22,777 shares of the business services provider’s stock worth $598,000 after buying an additional 2,058 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Price Performance

NASDAQ HCKT opened at $25.86 on Friday. The business’s fifty day moving average is $28.77 and its 200 day moving average is $29.24. The Hackett Group, Inc. has a fifty-two week low of $20.23 and a fifty-two week high of $34.02. 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 company has a market capitalization of $714.95 million, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98.

The Hackett Group (NASDAQ:HCKT) last posted 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 company had revenue of $77.46 million for the quarter, compared to analysts’ expectations of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. Sell-side analysts predict that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.12 per share. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.86%. The Hackett Group’s payout ratio is 45.28%.

Analysts Set New Price Targets

HCKT has been the topic of a number of recent research reports. StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 10th. Barrington Research reiterated an “outperform” rating and issued a $36.00 price objective on shares of The Hackett Group in a research note on Friday, April 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, The Hackett Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

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.