Northern Trust Corp Purchases 18,746 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Northern Trust Corp lifted its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,120 shares of the business services provider’s stock after purchasing an additional 18,746 shares during the quarter. Northern Trust Corp’s holdings in The Hackett Group were worth $8,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HCKT. Quantbot Technologies LP boosted its position in shares of The Hackett Group by 52.5% during the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider’s stock worth $128,000 after purchasing an additional 1,439 shares in the last quarter. Longboard Asset Management LP bought a new position in shares of The Hackett Group during the fourth quarter worth $207,000. Arizona State Retirement System bought a new position in shares of The Hackett Group during the fourth quarter worth $221,000. Principal Financial Group Inc. bought a new position in shares of The Hackett Group during the fourth quarter worth $248,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of The Hackett Group during the fourth quarter worth $258,000. 78.12% of the stock is owned by institutional investors.

The Hackett Group Trading Up 0.2%

HCKT opened at $25.85 on Monday. The stock has a market capitalization of $714.88 million, a P/E ratio of 24.39, a P/E/G ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a 12 month low of $21.12 and a 12 month high of $34.02. The firm’s fifty day simple moving average is $26.84 and its 200 day simple moving average is $29.33. 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 (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 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 during the quarter, compared to the consensus estimate of $75.64 million. As a group, research analysts anticipate that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 20th. This represents a $0.48 annualized dividend and a yield of 1.86%. The Hackett Group’s dividend payout ratio (DPR) is presently 56.47%.

Analysts Set New Price Targets

HCKT has been the topic of several research reports. Barrington Research cut their price objective on shares of The Hackett Group from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. StockNews.com cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 24th. One 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 $31.33.

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.