Haven Private LLC Purchases New Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Haven Private LLC bought a new position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,288 shares of the business services provider’s stock, valued at approximately $715,000. Haven Private LLC owned about 0.08% of The Hackett Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hotchkis & Wiley Capital Management LLC acquired a new position in The Hackett Group in the third quarter valued at approximately $3,256,000. Dean Investment Associates LLC raised its holdings in shares of The Hackett Group by 57.2% during the third quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider’s stock valued at $4,352,000 after buying an additional 60,307 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of The Hackett Group by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock valued at $2,598,000 after buying an additional 48,661 shares during the last quarter. Barclays PLC raised its holdings in The Hackett Group by 202.1% during the third 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in The Hackett Group during the fourth quarter worth approximately $1,056,000. 78.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barrington Research upped their price target on The Hackett Group from $28.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 27th. 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 Hackett Group presently has an average rating of “Moderate Buy” and an average price target of $32.67.

The Hackett Group Trading Down 0.6 %

The Hackett Group stock opened at $29.36 on Friday. The company’s fifty day simple moving average is $30.61 and its 200-day simple moving average is $28.85. 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 Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $34.02. The stock has a market cap of $810.13 million, a P/E ratio of 27.70, a P/E/G ratio of 1.53 and a beta of 0.99.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly 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 company had revenue of $77.46 million for the quarter, compared to analysts’ expectations of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.12 dividend. The ex-dividend date is Friday, March 21st. This is a boost from The Hackett Group’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. The Hackett Group’s dividend payout ratio is currently 45.28%.

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.