Dimensional Fund Advisors LP raised its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,712,185 shares of the business services provider’s stock after purchasing an additional 4,823 shares during the period. Dimensional Fund Advisors LP owned 5.97% of The Hackett Group worth $26,008,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HCKT. Rhumbline Advisers increased its position in shares of The Hackett Group by 4.1% during the second quarter. Rhumbline Advisers now owns 26,472 shares of the business services provider’s stock worth $410,000 after purchasing an additional 1,045 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of The Hackett Group during the second quarter worth $116,000. Victory Capital Management Inc. increased its position in shares of The Hackett Group by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,522 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,127 shares in the last quarter. Prudential Financial Inc. increased its position in shares of The Hackett Group by 12.1% during the second quarter. Prudential Financial Inc. now owns 197,845 shares of the business services provider’s stock worth $3,067,000 after purchasing an additional 21,312 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of The Hackett Group by 95.8% during the second quarter. JPMorgan Chase & Co. now owns 248,371 shares of the business services provider’s stock worth $3,850,000 after purchasing an additional 121,539 shares in the last quarter. 76.92% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on HCKT. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Roth Capital raised The Hackett Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.00 to $20.00 in a research report on Thursday, November 9th. SunTrust Banks reaffirmed a “buy” rating and set a $17.00 price target on shares of The Hackett Group in a research report on Friday, November 10th. Finally, BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $18.33.

Shares of The Hackett Group, Inc. (NASDAQ HCKT) opened at $16.35 on Friday. The firm has a market cap of $457.07, a price-to-earnings ratio of 21.27, a PEG ratio of 1.17 and a beta of 0.82. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.22. The Hackett Group, Inc. has a 1-year low of $13.24 and a 1-year high of $20.69.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $71.50 million for the quarter, compared to analyst estimates of $70.66 million. The Hackett Group had a net margin of 8.42% and a return on equity of 26.10%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. analysts predict that The Hackett Group, Inc. will post 0.81 EPS for the current fiscal year.

The business also recently disclosed a semiannual dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.15 per share. This represents a dividend yield of 2.02%. The ex-dividend date was Thursday, December 21st. The Hackett Group’s dividend payout ratio (DPR) is presently 40.00%.

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The Hackett Group Company Profile

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

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Institutional Ownership by Quarter for The Hackett Group (NASDAQ:HCKT)

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