The Hackett Group, Inc. (NASDAQ:HCKT) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 700,253 shares of the business services provider’s stock after acquiring an additional 29,699 shares during the quarter. Geode Capital Management LLC’s holdings in The Hackett Group were worth $18,399,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares during the last quarter. Rhumbline Advisers raised its holdings in The Hackett Group by 1.6% during the second quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider’s stock worth $846,000 after purchasing an additional 608 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of The Hackett Group by 5.2% during the 2nd quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock worth $327,000 after buying an additional 748 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of The Hackett Group by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock valued at $223,000 after buying an additional 851 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of The Hackett Group by 1.7% in the 2nd quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock valued at $1,218,000 after buying an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HCKT has been the subject of several research analyst reports. Barrington Research restated an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday, November 5th. Roth Mkm upped their target price on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Craig Hallum raised their price target on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

The Hackett Group Price Performance

Shares of NASDAQ:HCKT opened at $30.87 on Friday. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $32.83. The stock has a market capitalization of $851.80 million, a price-to-earnings ratio of 25.30, a PEG ratio of 1.73 and a beta of 1.00. The company has a 50-day simple moving average of $29.79 and a 200-day simple moving average of $26.47. 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 Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, December 20th. The Hackett Group’s dividend payout ratio (DPR) is presently 36.07%.

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.