Barclays PLC Purchases 37,695 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Barclays PLC grew its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 202.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,350 shares of the business services provider’s stock after purchasing an additional 37,695 shares during the period. Barclays PLC owned approximately 0.20% of The Hackett Group worth $1,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacific Ridge Capital Partners LLC bought a new position in shares of The Hackett Group in the second quarter worth about $656,000. State Street Corp grew its stake in shares of The Hackett Group by 4.1% during the third quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock worth $16,927,000 after buying an additional 25,249 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of The Hackett Group by 150.2% during the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after buying an additional 150,962 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of The Hackett Group during the 2nd quarter valued at $455,000. Finally, Millennium Management LLC grew its position in The Hackett Group by 293.2% during the 2nd quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock worth $4,878,000 after acquiring an additional 167,453 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HCKT shares. Roth Mkm boosted their price target on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Craig Hallum increased their price target on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Price Performance

Shares of HCKT opened at $30.87 on Friday. The stock has a market cap of $851.80 million, a P/E ratio of 25.30, a P/E/G ratio of 1.73 and a beta of 1.00. The business’s fifty day moving average is $29.79 and its 200 day moving average is $26.47. 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, Inc. has a 12-month low of $20.23 and a 12-month high of $32.83.

The Hackett Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.43%. The Hackett Group’s dividend payout ratio is presently 36.07%.

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.