Cubist Systematic Strategies LLC Grows Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Cubist Systematic Strategies LLC lifted its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 55.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,612 shares of the business services provider's stock after buying an additional 12,743 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.13% of The Hackett Group worth $1,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in 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 purchasing an additional 48,661 shares during the period. Principal Financial Group Inc. acquired a new position in The Hackett Group during the fourth quarter valued at $248,000. Hennion & Walsh Asset Management Inc. acquired a new position in The Hackett Group during the fourth quarter valued at $258,000. Proficio Capital Partners LLC acquired a new position in The Hackett Group during the fourth quarter valued at $631,000. Finally, Wellington Management Group LLP lifted its position in 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 during the period. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HCKT has been the subject of a number of research reports. Barrington Research decreased their target price on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. StockNews.com downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 24th. One investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

The Hackett Group Stock Performance

HCKT traded up $0.04 on Friday, reaching $25.85. The stock had a trading volume of 172,581 shares, compared to its average volume of 118,982. The Hackett Group, Inc. has a 12-month low of $21.12 and a 12-month high of $34.02. 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 business's 50-day moving average price is $26.84 and its two-hundred day moving average price is $29.26. The company has a market cap of $714.88 million, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $77.46 million during the quarter, compared to analysts' expectations of $75.64 million. Sell-side analysts forecast that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.48 dividend on an annualized basis and a yield of 1.86%. The Hackett Group's payout ratio is 56.47%.

The Hackett Group 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.