Harbor Capital Advisors Inc. Grows Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Harbor Capital Advisors Inc. increased its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,183 shares of the business services provider’s stock after purchasing an additional 3,694 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.92% of The Hackett Group worth $7,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HCKT. Renaissance Technologies LLC boosted its holdings in The Hackett Group by 0.6% during the second quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider’s stock worth $22,881,000 after buying an additional 6,600 shares in the last quarter. Geode Capital Management LLC grew its holdings in The Hackett Group by 4.4% in 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 period. State Street Corp grew its holdings in The Hackett Group by 4.1% in 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 period. Charles Schwab Investment Management Inc. raised its stake in shares of The Hackett Group by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock worth $6,996,000 after buying an additional 1,350 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of The Hackett Group by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 244,516 shares of the business services provider’s stock valued at $5,311,000 after buying an additional 10,725 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HCKT shares. Craig Hallum upped their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Roth Mkm lifted their price objective on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a research note 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’s stock. Based on data from MarketBeat, The Hackett Group presently has an average rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Trading Down 2.7 %

NASDAQ:HCKT traded down $0.81 on Friday, reaching $28.85. The company’s stock had a trading volume of 19,194 shares, compared to its average volume of 70,788. The firm has a market cap of $796.06 million, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The stock has a 50 day moving average price of $30.76 and a 200 day moving average price of $26.96. 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 Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $32.83.

The Hackett Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a $0.11 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.53%. The Hackett Group’s payout ratio is currently 36.07%.

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.