Allspring Global Investments Holdings LLC Buys 3,497 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Allspring Global Investments Holdings LLC increased its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,349 shares of the business services provider’s stock after purchasing an additional 3,497 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of The Hackett Group worth $1,010,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HCKT. Versant Capital Management Inc raised its holdings in The Hackett Group by 353.1% in the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after purchasing an additional 738 shares during the period. Financial Management Professionals Inc. bought a new position in The Hackett Group in the 3rd quarter worth $54,000. Quantbot Technologies LP raised its holdings in The Hackett Group by 383.4% in the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after purchasing an additional 2,174 shares during the period. Longboard Asset Management LP purchased a new stake in The Hackett Group in the 4th quarter worth $207,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in The Hackett Group in the 4th quarter worth $258,000. 78.12% of the stock is owned by institutional investors.

The Hackett Group Stock Down 1.7 %

Shares of NASDAQ HCKT opened at $30.18 on Monday. 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 company has a market cap of $832.76 million, a P/E ratio of 28.47, a PEG ratio of 1.53 and a beta of 0.99. The Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $34.02. The firm has a 50-day simple moving average of $30.80 and a two-hundred day simple moving average of $28.61.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). The firm had revenue of $77.46 million during the quarter, compared to the consensus estimate of $75.64 million. The Hackett Group had a return on equity of 36.40% and a net margin of 9.44%. Research analysts anticipate that The Hackett Group, Inc. will post 1.43 earnings per share for the current year.

The Hackett Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. The Hackett Group’s payout ratio is currently 45.28%.

Analyst Ratings Changes

HCKT has been the subject of a number of analyst reports. Barrington Research increased their price target on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. Craig Hallum raised their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com upgraded The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Finally, Roth Mkm raised their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $32.67.

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.