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 position in The Hackett Group, Inc. (NASDAQ:HCKT) by 11.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,830 shares of the business services provider’s stock after selling 4,888 shares during the period. Los Angeles Capital Management LLC’s holdings in The Hackett Group were worth $1,193,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HCKT. Harbor Capital Advisors Inc. boosted its stake in shares of The Hackett Group by 150.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock valued at $6,607,000 after purchasing an additional 150,962 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of The Hackett Group in the 3rd quarter valued at $3,256,000. Dean Investment Associates LLC boosted its stake in shares of The Hackett Group by 57.2% in the 3rd quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider’s stock valued at $4,352,000 after purchasing an additional 60,307 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of The Hackett Group by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock worth $2,598,000 after purchasing an additional 48,661 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of The Hackett Group by 202.1% during the third quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock worth $1,481,000 after purchasing an additional 37,695 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HCKT. Roth Mkm increased their target price on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barrington Research increased their target price on The Hackett Group from $28.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Craig Hallum increased their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com cut The Hackett Group from a “strong-buy” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, The Hackett Group has a consensus rating of “Moderate Buy” and an average target price of $32.67.

The Hackett Group Stock Up 0.3 %

NASDAQ HCKT opened at $30.38 on Friday. The stock has a fifty day moving average of $30.70 and a 200-day moving average of $28.76. The stock has a market capitalization of $838.28 million, a P/E 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 52 week low of $20.23 and a 52 week high of $34.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51.

The Hackett Group (NASDAQ:HCKT) last released its 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%. On average, equities research analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Increases Dividend

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

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.