Franklin Resources Inc. Has $3.71 Million Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Franklin Resources Inc. decreased its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,969 shares of the business services provider’s stock after selling 16,470 shares during the period. Franklin Resources Inc. owned about 0.52% of The Hackett Group worth $3,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its holdings in shares of The Hackett Group by 9.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 22,777 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 2,058 shares in the last quarter. Barclays PLC boosted its stake in The Hackett Group by 202.1% in the third quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock valued at $1,481,000 after buying an additional 37,695 shares in the last quarter. Geode Capital Management LLC grew its position 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 acquiring an additional 29,699 shares during the last quarter. Dean Investment Associates LLC raised its stake in The Hackett Group by 57.2% during the third quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider’s stock worth $4,352,000 after acquiring an additional 60,307 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of 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 worth $16,927,000 after acquiring an additional 25,249 shares during the last quarter. 78.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on HCKT. 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. Barrington Research reiterated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a report on Tuesday, November 5th. Finally, Roth Mkm increased their price target on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, The Hackett Group currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

The Hackett Group Stock Up 1.2 %

NASDAQ:HCKT opened at $30.78 on Wednesday. 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 Hackett Group, Inc. has a one year low of $20.23 and a one year high of $32.83. The firm’s 50 day simple moving average is $29.39 and its 200 day simple moving average is $26.26. The company has a market cap of $849.31 million, a PE ratio of 25.23, a P/E/G ratio of 1.73 and a beta of 1.00.

The Hackett Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.11 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.43%. The Hackett Group’s dividend payout ratio is 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.