Los Angeles Capital Management LLC Has $1.19 Million Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Los Angeles Capital Management LLC lessened its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,830 shares of the business services provider’s stock after selling 4,888 shares during the period. Los Angeles Capital Management LLC owned 0.14% of The Hackett Group worth $1,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in The Hackett Group by 4.4% during the third quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock valued at $18,399,000 after purchasing an additional 29,699 shares during the last quarter. State Street Corp grew its holdings in 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 valued at $16,927,000 after purchasing an additional 25,249 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in The Hackett Group by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock valued at $6,996,000 after purchasing an additional 1,350 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in The Hackett Group by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 255,183 shares of the business services provider’s stock valued at $7,839,000 after purchasing an additional 3,694 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in The Hackett Group by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 178,299 shares of the business services provider’s stock valued at $4,684,000 after purchasing an additional 24,106 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Trading Up 0.3 %

The Hackett Group stock opened at $30.38 on Friday. The business has a 50 day moving average price of $30.70 and a two-hundred day moving average price of $28.76. 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 stock has a market cap of $838.28 million, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $34.02.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, February 18th. The business services provider reported $0.35 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 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 analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.58%. This is an increase from The Hackett Group’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, March 21st. The Hackett Group’s payout ratio is presently 45.28%.

Analysts Set New Price Targets

Several research analysts have commented on HCKT shares. StockNews.com downgraded The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Roth Mkm lifted their price target on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Craig Hallum lifted their price target on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research lifted their price target on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate 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.