SCHEDULE: Vanguard Group Discloses 8.17% Stake in Hackett Group

The Vanguard Group has filed an amended Schedule 13G, revealing an 8.17% beneficial ownership stake in Hackett Group Inc.

Summary

• The Vanguard Group holds an aggregate beneficial ownership of 2,261,104 shares of Hackett Group Inc. common stock.
• This represents 8.17% of the class of securities.
• Vanguard has sole dispositive power over 2,203,180 shares and shared dispositive power over 57,924 shares.
• Vanguard has shared voting power over 32,834 shares and no sole voting power.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of a passive ownership stake by a large institutional investor. It is neutral in tone and content regarding the issuer's performance, focusing solely on ownership percentages and voting/dispositive powers.

Positives

• A significant 8.17% ownership stake by The Vanguard Group, a major institutional investor, indicates a notable long-term investment in Hackett Group Inc.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a passive investment stake by a large asset manager. It does not provide specific insights into Hackett Group Inc.'s operational performance or industry trends beyond indicating continued institutional interest in the company.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a major institutional investor like Vanguard may instill confidence among other shareholders, signaling long-term institutional interest.

Key Dates

Keywords

Vanguard Group, Hackett Group Inc, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing