Arizona State Retirement System Invests $221,000 in The Hackett Group, Inc. (NASDAQ:HCKT)

Arizona State Retirement System acquired a new position in The Hackett Group, Inc. (NASDAQ:HCKT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,210 shares of the business services provider’s stock, valued at approximately $221,000.

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in The Hackett Group by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock worth $18,399,000 after buying an additional 29,699 shares in the last quarter. State Street Corp increased its holdings in The Hackett Group by 4.1% in the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock worth $16,927,000 after buying an additional 25,249 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in The Hackett Group by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 270,272 shares of the business services provider’s stock worth $8,303,000 after buying an additional 3,955 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in The Hackett Group by 1.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 255,183 shares of the business services provider’s stock worth $7,839,000 after buying an additional 3,694 shares in the last quarter. Finally, Dean Investment Associates LLC grew its stake in shares of The Hackett Group by 57.2% during the 3rd quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider’s stock valued at $4,352,000 after purchasing an additional 60,307 shares during the period. 78.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on HCKT. Barrington Research boosted their price target on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

The Hackett Group Trading Up 0.1 %

Shares of NASDAQ:HCKT opened at $28.19 on Friday. The stock has a 50 day moving average of $30.36 and a 200 day moving average of $28.98. The company has a market cap of $783.43 million, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $34.02.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) 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 the consensus estimate of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, equities research analysts expect that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.70%. The Hackett Group’s payout ratio is 45.28%.

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.