Geode Capital Management LLC Purchases 15,819 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Geode Capital Management LLC grew its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 716,072 shares of the business services provider’s stock after acquiring an additional 15,819 shares during the quarter. Geode Capital Management LLC owned 2.60% of The Hackett Group worth $22,002,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in The Hackett Group by 56.2% during the 4th quarter. JPMorgan Chase & Co. now owns 154,492 shares of the business services provider’s stock worth $4,746,000 after purchasing an additional 55,608 shares in the last quarter. Barclays PLC increased its position in shares of The Hackett Group by 202.1% during the third quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock worth $1,481,000 after acquiring an additional 37,695 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of The Hackett Group during the fourth quarter worth $1,131,000. Raymond James Financial Inc. bought a new stake in The Hackett Group in the 4th quarter valued at $1,056,000. Finally, Prudential Financial Inc. acquired a new position in The Hackett Group in the 4th quarter worth $778,000. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Stock Down 0.7 %

HCKT stock opened at $25.86 on Friday. The company has a market cap of $714.95 million, a price-to-earnings ratio of 24.40, a P/E/G ratio of 1.53 and a beta of 0.98. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $34.02. The business has a 50 day moving average price of $28.77 and a two-hundred day moving average price of $29.24. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. Analysts anticipate that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barrington Research restated an “outperform” rating and issued a $36.00 price target on shares of The Hackett Group in a report on Friday, April 11th. StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.