Aviva PLC Has $598,000 Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Aviva PLC lifted its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 134.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,455 shares of the business services provider's stock after acquiring an additional 11,164 shares during the period. Aviva PLC owned 0.07% of The Hackett Group worth $598,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of HCKT. Wells Fargo & Company MN raised its holdings in shares of The Hackett Group by 1.7% during the fourth quarter. Wells Fargo & Company MN now owns 322,655 shares of the business services provider's stock valued at $9,912,000 after buying an additional 5,459 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new position in The Hackett Group during the 4th quarter worth $266,000. Geode Capital Management LLC grew its stake in shares of The Hackett Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 716,072 shares of the business services provider's stock worth $22,002,000 after purchasing an additional 15,819 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of The Hackett Group by 3.5% during the fourth quarter. Alliancebernstein L.P. now owns 32,257 shares of the business services provider's stock valued at $991,000 after purchasing an additional 1,100 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of The Hackett Group by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 393,291 shares of the business services provider's stock valued at $12,082,000 after purchasing an additional 19,300 shares in the last quarter. Institutional investors and hedge funds own 78.12% of the company's stock.

The Hackett Group Price Performance

NASDAQ HCKT traded down $0.04 on Wednesday, reaching $26.21. The company's stock had a trading volume of 16,417 shares, compared to its average volume of 118,448. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $34.02. 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 firm's 50 day moving average is $29.12 and its two-hundred day moving average is $29.27. The stock has a market cap of $728.40 million, a PE ratio of 24.75, a PEG ratio of 1.53 and a beta of 0.98.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.06). The company had revenue of $77.46 million for the quarter, compared to analyst estimates 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, sell-side analysts predict 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 was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a dividend of $0.12 per share. This is a boost from The Hackett Group's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.48 dividend on an annualized basis and a yield of 1.83%. The Hackett Group's dividend payout ratio (DPR) is presently 45.28%.

Wall Street Analysts Forecast Growth

HCKT has been the subject of a number of recent analyst reports. StockNews.com lowered shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 10th. Barrington Research reiterated an "outperform" rating and set a $36.00 price objective on shares of The Hackett Group in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.