The Manufacturers Life Insurance Company Has $288,000 Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

The Manufacturers Life Insurance Company reduced its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,375 shares of the business services provider’s stock after selling 504 shares during the period. The Manufacturers Life Insurance Company’s holdings in The Hackett Group were worth $288,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HCKT. JPMorgan Chase & Co. grew its holdings in shares of The Hackett Group by 56.2% during the 4th quarter. JPMorgan Chase & Co. now owns 154,492 shares of the business services provider’s stock worth $4,746,000 after purchasing an additional 55,608 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in The Hackett Group in the fourth quarter valued at about $1,131,000. Raymond James Financial Inc. acquired a new stake in The Hackett Group in the fourth quarter valued at about $1,056,000. Russell Investments Group Ltd. boosted its stake in The Hackett Group by 19.2% in the fourth quarter. Russell Investments Group Ltd. now owns 204,540 shares of the business services provider’s stock valued at $6,283,000 after buying an additional 32,893 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in The Hackett Group in the fourth quarter valued at about $778,000. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Stock Performance

NASDAQ:HCKT opened at $25.85 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 firm has a market capitalization of $714.88 million, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a twelve month low of $21.12 and a twelve month high of $34.02. The stock’s 50-day simple moving average is $26.84 and its 200 day simple moving average is $29.33.

The Hackett Group (NASDAQ:HCKT) last posted its earnings results 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 firm 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%. On average, analysts anticipate that The Hackett Group, Inc. will post 1.43 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be given a $0.12 dividend. 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 is presently 56.47%.

Analysts Set New Price Targets

Several research firms recently weighed in on HCKT. Barrington Research reduced their price objective on The Hackett Group from $36.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. StockNews.com lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, The Hackett Group presently has an average rating of “Moderate Buy” and a consensus target price 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.