Charles Schwab Investment Management Inc. Has $8.30 Million Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Charles Schwab Investment Management Inc. raised its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 1.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 270,272 shares of the business services provider’s stock after acquiring an additional 3,955 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in The Hackett Group were worth $8,303,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of The Hackett Group during the 4th quarter worth about $631,000. Sanctuary Advisors LLC increased its stake in shares of The Hackett Group by 4.6% during the 4th quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider’s stock worth $738,000 after purchasing an additional 1,059 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of The Hackett Group during the 4th quarter worth about $248,000. Rhumbline Advisers increased its stake in shares of The Hackett Group by 38.9% during the 4th quarter. Rhumbline Advisers now owns 53,049 shares of the business services provider’s stock worth $1,630,000 after purchasing an additional 14,863 shares during the last quarter. Finally, Legato Capital Management LLC increased its stake in shares of The Hackett Group by 4.3% during the 4th quarter. Legato Capital Management LLC now owns 56,629 shares of the business services provider’s stock worth $1,740,000 after purchasing an additional 2,337 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HCKT has been the topic of several recent analyst reports. Barrington Research boosted their price objective on shares of The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. StockNews.com downgraded shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.67.

The Hackett Group Stock Performance

NASDAQ HCKT opened at $28.53 on Monday. 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 company has a market capitalization of $792.88 million, a P/E ratio of 26.92, a P/E/G ratio of 1.53 and a beta of 1.03. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $34.02. The firm has a 50-day moving average price of $30.26 and a two-hundred day moving average price of $29.08.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $77.46 million during 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%. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.68%. 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. The Hackett Group’s dividend payout ratio is 45.28%.

About The Hackett Group

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.