The Hackett Group, Inc. (NASDAQ:HCKT) Shares Purchased by Barclays PLC

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

A number of other large investors have also recently added to or reduced their stakes in the business. CWM LLC boosted its stake in shares of The Hackett Group by 8.4% during the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of The Hackett Group by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider’s stock worth $846,000 after purchasing an additional 608 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of The Hackett Group by 5.2% during the 2nd quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock worth $327,000 after purchasing an additional 748 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of The Hackett Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after purchasing an additional 851 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of The Hackett Group by 1.7% during the 2nd quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock worth $1,218,000 after purchasing an additional 941 shares during the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Trading Down 2.3 %

Shares of HCKT stock opened at $28.98 on Monday. The firm has a market cap of $799.65 million, a P/E ratio of 23.75, a PEG ratio of 1.73 and a beta of 0.99. The Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $32.83. 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 firm’s 50-day simple moving average is $30.85 and its 200-day simple moving average is $27.09.

The Hackett Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. The Hackett Group’s payout ratio is currently 36.07%.

Analyst Upgrades and Downgrades

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

The Hackett Group 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.