Mackenzie Financial Corp Raises Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Mackenzie Financial Corp increased its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 153.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,502 shares of the business services provider's stock after buying an additional 25,745 shares during the quarter. Mackenzie Financial Corp owned about 0.15% of The Hackett Group worth $1,306,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HCKT. Quantbot Technologies LP boosted its stake in The Hackett Group by 52.5% during the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock worth $128,000 after buying an additional 1,439 shares during the period. Longboard Asset Management LP purchased a new position in shares of The Hackett Group during the 4th quarter worth approximately $207,000. ProShare Advisors LLC purchased a new position in shares of The Hackett Group during the 4th quarter worth approximately $219,000. Arizona State Retirement System purchased a new stake in The Hackett Group in the fourth quarter valued at approximately $221,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of The Hackett Group in the fourth quarter valued at $248,000. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HCKT has been the subject of a number of research analyst reports. Barrington Research lowered their target price on The Hackett Group from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Wall Street Zen cut shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.33.

The Hackett Group Stock Down 0.1%

NASDAQ HCKT traded down $0.03 during trading hours on Wednesday, hitting $24.53. 89,792 shares of the company were exchanged, compared to its average volume of 121,541. 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 cap of $678.38 million, a price-to-earnings ratio of 23.14, a PEG ratio of 1.53 and a beta of 0.96. The company has a 50 day moving average of $25.83 and a two-hundred day moving average of $28.91. The Hackett Group, Inc. has a 52-week low of $21.12 and a 52-week high of $34.02.

The Hackett Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, June 20th. The Hackett Group's dividend payout ratio (DPR) is presently 56.47%.

About The Hackett Group

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.