Vanguard Group Inc. Has $67.17 Million Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Vanguard Group Inc. raised its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,186,611 shares of the business services provider's stock after purchasing an additional 16,682 shares during the period. Vanguard Group Inc. owned 7.93% of The Hackett Group worth $67,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HCKT. KLP Kapitalforvaltning AS acquired a new stake in shares of The Hackett Group in the fourth quarter valued at about $1,131,000. American Century Companies Inc. increased its position in The Hackett Group by 10.5% during the 4th quarter. American Century Companies Inc. now owns 52,973 shares of the business services provider's stock valued at $1,627,000 after purchasing an additional 5,036 shares during the period. Quantbot Technologies LP raised its holdings in The Hackett Group by 52.5% during the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock worth $128,000 after purchasing an additional 1,439 shares during the last quarter. Boston Partners lifted its position in shares of The Hackett Group by 2.9% in the 4th quarter. Boston Partners now owns 525,435 shares of the business services provider's stock worth $16,086,000 after purchasing an additional 14,676 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of The Hackett Group in the 4th quarter worth approximately $355,000. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Stock Down 1.3 %

Shares of The Hackett Group stock traded down $0.35 during trading on Wednesday, reaching $25.91. 3,704 shares of the company traded hands, compared to its average volume of 110,637. The firm has a market capitalization of $719.93 million, a PE ratio of 24.53, a P/E/G ratio of 1.53 and a beta of 0.98. The Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $34.02. The company has a 50 day moving average price of $29.12 and a 200-day moving average price of $29.27. 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 quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.06). The company had revenue of $77.46 million for the quarter, compared to analyst estimates of $75.64 million. The Hackett Group had a net margin of 9.44% and a return on equity of 36.40%. As a group, equities research analysts expect that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal 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 issued a $0.12 dividend. This is a boost from The Hackett Group's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, March 21st. The Hackett Group's dividend payout ratio (DPR) is currently 45.28%.

Wall Street Analyst Weigh In

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

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.