Harbor Capital Advisors Inc. Boosts Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Harbor Capital Advisors Inc. boosted its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,183 shares of the business services provider’s stock after buying an additional 3,694 shares during the period. Harbor Capital Advisors Inc.’s holdings in The Hackett Group were worth $7,839,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after acquiring an additional 394 shares during the last quarter. Rhumbline Advisers grew its stake in shares of The Hackett Group by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider’s stock valued at $846,000 after purchasing an additional 608 shares during the last quarter. Versant Capital Management Inc increased its stake 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 valued at $29,000 after buying an additional 738 shares during the period. Mackenzie Financial Corp raised its holdings in The Hackett Group by 5.2% during the second 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of The Hackett Group by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock valued at $223,000 after buying an additional 851 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Price Performance

Shares of HCKT stock traded down $0.81 during trading hours on Friday, hitting $28.85. The company’s stock had a trading volume of 19,194 shares, compared to its average volume of 70,788. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $30.76 and a 200-day moving average of $26.96. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $32.83. The stock has a market cap of $796.06 million, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.73 and a beta of 0.99.

The Hackett Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, December 20th. The Hackett Group’s payout ratio is 36.07%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HCKT. Roth Mkm increased their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a report on Tuesday, November 5th. Finally, Craig Hallum upped their target price on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on 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 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.