Geode Capital Management LLC Buys 15,819 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Geode Capital Management LLC grew its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 716,072 shares of the business services provider's stock after acquiring an additional 15,819 shares during the period. Geode Capital Management LLC owned about 2.60% of The Hackett Group worth $22,002,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HCKT. Swiss National Bank grew its stake in shares of The Hackett Group by 1.4% during the 4th quarter. Swiss National Bank now owns 48,992 shares of the business services provider's stock worth $1,505,000 after acquiring an additional 700 shares during the period. Versant Capital Management Inc increased its stake in shares of The Hackett Group by 353.1% in the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider's stock worth $29,000 after purchasing an additional 738 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of The Hackett Group by 4.6% in the fourth quarter. Sanctuary Advisors LLC now owns 23,836 shares of the business services provider's stock valued at $738,000 after purchasing an additional 1,059 shares during the period. Alliancebernstein L.P. lifted its stake in shares of The Hackett Group by 3.5% during the 4th quarter. Alliancebernstein L.P. now owns 32,257 shares of the business services provider's stock valued at $991,000 after buying an additional 1,100 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of The Hackett Group by 2.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 46,927 shares of the business services provider's stock valued at $1,442,000 after purchasing an additional 1,149 shares during the period. Hedge funds and other institutional investors own 78.12% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HCKT. StockNews.com downgraded shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday. Barrington Research reissued an "outperform" rating and set a $36.00 price target on shares of The Hackett Group in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

The Hackett Group Stock Performance

Shares of The Hackett Group stock traded up $0.09 during trading on Thursday, hitting $25.61. 12,331 shares of the company's stock traded hands, compared to its average volume of 117,685. The business has a 50-day simple moving average of $28.39 and a 200-day simple moving average of $29.24. The Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $34.02. The stock has a market capitalization of $707.90 million, a P/E ratio of 24.16, a PEG ratio of 1.53 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.35 EPS 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 business had revenue of $77.46 million for the quarter, compared to analysts' expectations of $75.64 million. As a group, analysts forecast 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. Stockholders of record on Friday, March 21st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.87%. 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. The Hackett Group's dividend payout ratio is 45.28%.

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.