Russell Investments Group Ltd. Grows Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Russell Investments Group Ltd. lifted its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 19.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 204,540 shares of the business services provider's stock after acquiring an additional 32,893 shares during the period. Russell Investments Group Ltd. owned 0.74% of The Hackett Group worth $6,283,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HCKT. Barclays PLC boosted its position in shares of The Hackett Group by 202.1% in the 3rd quarter. Barclays PLC now owns 56,350 shares of the business services provider's stock valued at $1,481,000 after purchasing an additional 37,695 shares during the period. Geode Capital Management LLC raised its holdings in shares of The Hackett Group by 4.4% in the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider's stock valued at $18,399,000 after buying an additional 29,699 shares during the last quarter. State Street Corp raised its stake in The Hackett Group by 4.1% during the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider's stock valued at $16,927,000 after acquiring an additional 25,249 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 worth $2,598,000 after purchasing an additional 48,661 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of The Hackett Group in the 4th quarter worth $248,000. Hedge funds and other institutional investors own 78.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barrington Research restated an "outperform" rating and issued a $36.00 price objective on shares of The Hackett Group in a research report on Friday, April 11th. StockNews.com lowered The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.67.

The Hackett Group Price Performance

Shares of HCKT traded down $0.17 on Friday, reaching $25.86. The stock had a trading volume of 93,193 shares, compared to its average volume of 110,771. The firm has a 50-day moving average of $28.77 and a 200 day moving average of $29.24. The firm has a market capitalization of $714.95 million, a PE ratio of 24.40, a PEG ratio of 1.53 and a beta of 0.98. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $34.02. 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 Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.06). The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. The business had revenue of $77.46 million during the quarter, compared to analysts' expectations of $75.64 million. Sell-side analysts expect that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a $0.12 dividend. This is an increase from The Hackett Group's previous quarterly dividend of $0.11. The ex-dividend date was Friday, March 21st. This represents a $0.48 annualized dividend and a yield of 1.86%. The Hackett Group's payout ratio is presently 45.28%.

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.