Los Angeles Capital Management LLC Raises Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Los Angeles Capital Management LLC increased its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 105.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,102 shares of the business services provider's stock after acquiring an additional 41,121 shares during the quarter. Los Angeles Capital Management LLC owned about 0.29% of The Hackett Group worth $1,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HCKT. Halpern Financial Inc. bought a new position in shares of The Hackett Group during the 4th quarter worth about $29,000. DekaBank Deutsche Girozentrale bought a new position in The Hackett Group during the third quarter worth about $34,000. SG Americas Securities LLC bought a new position in The Hackett Group during the third quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in The Hackett Group by 96.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,785 shares of the business services provider's stock valued at $136,000 after purchasing an additional 2,845 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Hackett Group by 23.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,136 shares of the business services provider's stock valued at $162,000 after purchasing an additional 1,351 shares during the period. Institutional investors own 78.12% of the company's stock.

The Hackett Group Price Performance

The Hackett Group stock traded down $0.64 on Wednesday, reaching $21.56. The company's stock had a trading volume of 194,569 shares, compared to its average volume of 90,203. The business's fifty day moving average price is $23.48 and its 200 day moving average price is $23.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $594.73 million, a price-to-earnings ratio of 17.39, a PEG ratio of 1.15 and a beta of 0.87. The Hackett Group, Inc. has a twelve month low of $17.18 and a twelve month high of $26.69.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The Hackett Group had a return on equity of 43.58% and a net margin of 11.52%. The company had revenue of $71.17 million for the quarter, compared to analyst estimates of $69.65 million. Equities analysts expect that The Hackett Group, Inc. will post 1.42 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Thursday, March 21st. The Hackett Group's dividend payout ratio is currently 35.48%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Craig Hallum upgraded The Hackett Group from a "hold" rating to a "buy" rating and set a $28.00 target price for the company in a research report on Wednesday, February 21st. Barrington Research cut their price target on shares of The Hackett Group from $28.00 to $26.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, StockNews.com cut shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 27th.

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.