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

Geode Capital Management LLC boosted its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 716,072 shares of the business services provider’s stock after buying an additional 15,819 shares during the period. Geode Capital Management LLC’s holdings in The Hackett Group were worth $22,002,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in The Hackett Group by 202.1% during the 3rd quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock worth $1,481,000 after purchasing an additional 37,695 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of The Hackett Group by 96.9% in the third quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock valued at $2,598,000 after acquiring an additional 48,661 shares during the period. State Street Corp grew its stake in shares of The Hackett Group by 4.1% in the third quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after acquiring an additional 25,249 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in The Hackett Group in the 4th quarter worth about $248,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of The Hackett Group during the 4th quarter worth approximately $258,000. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Price Performance

Shares of HCKT stock opened at $25.86 on Friday. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $34.02. 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 business has a fifty day simple moving average of $28.77 and a 200 day simple moving average of $29.24. The company has a market cap of $714.95 million, a P/E ratio of 24.40, a P/E/G ratio of 1.53 and a beta of 0.98.

The Hackett Group (NASDAQ:HCKT) last announced 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 net margin of 9.44% and a return on equity of 36.40%. The company had revenue of $77.46 million for the quarter, compared to the consensus estimate of $75.64 million. On average, sell-side analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.86%. The Hackett Group’s dividend payout ratio (DPR) is currently 45.28%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HCKT shares. StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 10th. Barrington Research restated an “outperform” rating and issued a $36.00 price target on shares of The Hackett Group in a research report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.