Legato Capital Management LLC Raises Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Legato Capital Management LLC grew its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,629 shares of the business services provider’s stock after acquiring an additional 2,337 shares during the period. Legato Capital Management LLC owned about 0.21% of The Hackett Group worth $1,740,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Barclays PLC increased its stake in The Hackett Group by 202.1% during the 3rd quarter. Barclays PLC now owns 56,350 shares of the business services provider’s stock worth $1,481,000 after buying an additional 37,695 shares during the period. Geode Capital Management LLC increased its stake in The Hackett Group by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 700,253 shares of the business services provider’s stock worth $18,399,000 after buying an additional 29,699 shares during the period. State Street Corp increased its stake in The Hackett Group by 4.1% during the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock worth $16,927,000 after buying an additional 25,249 shares during the period. JPMorgan Chase & Co. increased its stake in The Hackett Group by 96.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock worth $2,598,000 after buying an additional 48,661 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in The Hackett Group by 150.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after buying an additional 150,962 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research note on Tuesday, November 5th. Craig Hallum lifted their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Roth Mkm lifted their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Price Performance

Shares of HCKT stock opened at $32.09 on Wednesday. The firm has a market cap of $885.36 million, a P/E ratio of 26.30, a P/E/G ratio of 1.60 and a beta of 0.99. 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 1-year low of $20.23 and a 1-year high of $32.83. The firm has a fifty day moving average of $30.92 and a two-hundred day moving average of $28.28.

About The Hackett Group

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.