KLP Kapitalforvaltning AS Takes $1.13 Million Position in The Hackett Group, Inc. (NASDAQ:HCKT)

KLP Kapitalforvaltning AS bought a new position in The Hackett Group, Inc. (NASDAQ:HCKT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,700 shares of the business services provider’s stock, valued at approximately $1,131,000. KLP Kapitalforvaltning AS owned approximately 0.13% of The Hackett Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of The Hackett Group during the third quarter worth $3,256,000. Dean Investment Associates LLC grew its holdings in 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 worth $4,352,000 after acquiring an additional 60,307 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in The Hackett Group by 96.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock worth $2,598,000 after acquiring an additional 48,661 shares during the last quarter. Barclays PLC increased its position in The Hackett Group by 202.1% in the 3rd quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock valued at $1,481,000 after acquiring an additional 37,695 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of The Hackett Group in the fourth quarter worth about $1,056,000. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Price Performance

Shares of HCKT stock opened at $29.17 on Monday. The firm’s 50 day moving average price is $30.18 and its two-hundred day moving average price is $29.20. 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, Inc. has a 52-week low of $20.23 and a 52-week high of $34.02. The stock has a market cap of $810.66 million, a PE ratio of 27.52, a PEG ratio of 1.53 and a beta of 1.03.

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 company had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. As a group, analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The company 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. This is a positive change from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, March 21st. This represents a $0.48 annualized dividend and a yield of 1.65%. The Hackett Group’s dividend payout ratio (DPR) is presently 45.28%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HCKT. StockNews.com lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. Barrington Research lifted their target price 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, The Hackett Group presently has an average rating of “Moderate Buy” and an average 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.