Ariel Investments LLC Has $18.37 Million Stock Holdings in The Hackett Group, Inc. $HCKT

Key Points

• Ariel Investments LLC has increased its stake in The Hackett Group, Inc. by 4.1%, now owning 628,672 shares worth approximately $18.37 million.
• The Hackett Group has announced a quarterly dividend of $0.12 payable on October 3rd, representing an annualized dividend of $0.48 and a yield of 2.3%.
• Research analysts have set a new average price target of $29.67 for The Hackett Group, while Barrington Research recently lowered their target from $32.00 to $27.00.

Ariel Investments LLC boosted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 628,672 shares of the business services provider's stock after buying an additional 24,608 shares during the quarter. Ariel Investments LLC owned approximately 2.27% of The Hackett Group worth $18,370,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Values First Advisors Inc. grew its holdings in The Hackett Group by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 80,453 shares of the business services provider's stock worth $2,350,000 after acquiring an additional 438 shares during the last quarter. Versant Capital Management Inc grew its holdings in The Hackett Group by 48.9% during the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after acquiring an additional 463 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in The Hackett Group by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,393 shares of the business services provider's stock worth $442,000 after acquiring an additional 503 shares during the last quarter. Greenwood Capital Associates LLC grew its holdings in The Hackett Group by 3.6% during the 1st quarter. Greenwood Capital Associates LLC now owns 16,058 shares of the business services provider's stock worth $469,000 after acquiring an additional 558 shares during the last quarter. Finally, State of Wyoming grew its holdings in The Hackett Group by 3.9% during the 4th quarter. State of Wyoming now owns 19,821 shares of the business services provider's stock worth $609,000 after acquiring an additional 747 shares during the last quarter. 78.12% of the stock is owned by institutional investors.

The Hackett Group Trading Up 0.9%

Shares of NASDAQ:HCKT traded up $0.18 during mid-day trading on Friday, hitting $20.94. The company had a trading volume of 154,161 shares, compared to its average volume of 286,448. The firm has a fifty day moving average price of $22.55 and a 200 day moving average price of $25.19. The company has a market capitalization of $576.06 million, a PE ratio of 34.90, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.71. The Hackett Group, Inc. has a one year low of $19.39 and a one year high of $34.02.

The Hackett Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be paid a $0.12 dividend. The ex-dividend date is Friday, September 19th. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The Hackett Group's payout ratio is currently 80.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HCKT. Barrington Research reaffirmed an "outperform" rating and issued a $27.00 price objective on shares of The Hackett Group in a research note on Thursday. Wall Street Zen lowered shares of The Hackett Group from a "buy" rating to a "hold" rating in a research note on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $29.67.

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.