Hackett Group Bundle
Who Really Owns The Hackett Group?
Ever wondered who's steering the ship at The Hackett Group? Understanding the Hackett Group SWOT Analysis is just the start; the ownership structure reveals the company's strategic heart. Founded in 1991, this NASDAQ-listed firm has evolved into a major player in consulting, but who holds the reins today? Uncover the key players and their influence within this leading consulting firm.
Knowing the Hackett Group ownership is vital for investors and stakeholders alike. As a publicly traded company, Hackett Group shareholders include a mix of institutional and individual investors, plus Hackett Group executives. This analysis explores Who owns Hackett Group, revealing the major players and how their interests shape the company's future, including insights on Hackett Group investors and the overall Hackett Group ownership structure.
Who Founded Hackett Group?
The company, initially known as Answerthink, Inc., was founded in 1991. The founders were Ted A. Fernandez and David N. Burns. The initial capital invested in the company was approximately $500,000.
While the exact initial equity distribution isn't publicly detailed, Ted A. Fernandez currently holds the positions of Chairman and Chief Executive Officer. This suggests his significant ongoing involvement and likely a substantial ownership stake within the company. David N. Burns was also a key member of the founding team.
The shift from a private entity to a publicly traded company in 1997 marked a change in its ownership structure. This transition allowed for wider investment opportunities. The founders' vision focused on providing benchmarking and best practices, which likely influenced the initial distribution of control.
Ted A. Fernandez and David N. Burns founded the company.
The initial capital was roughly $500,000.
The company became publicly traded in 1997.
Ted A. Fernandez is the current Chairman and CEO.
The company's focus was on benchmarking and best practices.
The shift to public trading broadened the ownership structure.
The early stages of the company focused on establishing its position in the market. Information about early investors and specific ownership details during the initial phases is not widely available in public records. The evolution of the company, including its shift to being publicly traded, is a key aspect of understanding the Revenue Streams & Business Model of Hackett Group and its ownership dynamics. As of the latest filings, the company continues to operate with a focus on providing data-driven insights to businesses.
Understanding the founders and early ownership of a company like the Hackett Group provides insights into its initial vision and strategic direction.
- The company was founded by Ted A. Fernandez and David N. Burns in 1991.
- Initial capital was approximately $500,000.
- The company went public in 1997, changing its ownership structure.
- Ted A. Fernandez currently serves as Chairman and CEO.
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How Has Hackett Group’s Ownership Changed Over Time?
The Hackett Group, initially a privately held entity, underwent a significant transformation when it transitioned to a publicly traded company in 1997. This Initial Public Offering (IPO) was a pivotal moment, as it allowed the company to raise capital for expansion and increase its visibility within the market. This shift fundamentally altered the company's ownership structure, opening it up to a broader base of investors and setting the stage for future growth and strategic initiatives.
The evolution of the Hackett Group's ownership has been marked by several key milestones. The company's growth strategy, including acquisitions and expansions into new service offerings, has played a crucial role in shaping its shareholder base. Notable acquisitions include REL Consultancy Group in 2006, Archstone Consulting in 2015, and Spend Matters™ in May 2025. Each of these events has potentially influenced the company's ownership structure, attracting new investors and altering the distribution of shares among existing stakeholders.
| Metric | Details (May 2025) | Source |
|---|---|---|
| Market Capitalization | $666 million | Public Filings |
| Shares Outstanding | 27.7 million | Public Filings |
| Institutional Ownership | 81.13% | Public Filings |
| Mutual Fund Ownership | 53.60% | Public Filings |
As of May 2025, the ownership of the Hackett Group is primarily distributed among institutional investors, individual investors, and company insiders. Institutional investors collectively hold a significant portion of the shares, with mutual funds representing a substantial percentage of the ownership. Key institutional shareholders include BlackRock Fund Advisors, The Vanguard Group, and Dimensional Fund Advisors LP. Insiders, including the company's officers and directors, also maintain a notable stake in the company. Ted A. Fernandez, Chairman and CEO, and Robert H. Ramirez, CFO and Principal Accounting Officer, are among the top insider shareholders. Detailed insights into these ownership dynamics can be found in the company's annual reports and SEC filings, such as the annual report for the fiscal year ending December 27, 2024, and the 2025 proxy statement.
The Hackett Group's ownership structure is primarily influenced by institutional investors and insiders.
- Institutional investors hold a significant majority of the shares.
- Key insiders, including the CEO and CFO, also hold substantial stakes.
- Changes in ownership are reflected in annual reports and SEC filings.
- The company's market capitalization is $666 million as of May 2025.
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Who Sits on Hackett Group’s Board?
The current board of directors significantly influences the strategic direction and governance of The Hackett Group. Details about the board members, including their affiliations (major shareholders, founders, or independent seats), are typically found in the company's annual proxy statements. Ted A. Fernandez currently serves as the Chairman and Chief Executive Officer, leading the company.
Understanding the composition of the board is crucial for investors and stakeholders interested in the Marketing Strategy of Hackett Group, as it reflects the company's leadership and decision-making structure. Examining past proxy statements can provide insights into board member backgrounds and their roles within the company.
| Director | Title | Details |
|---|---|---|
| Ted A. Fernandez | Chairman and CEO | Leads the company's strategic direction. |
| Board Members | Various | Details in proxy statements. |
The voting structure at The Hackett Group is based on a one-share, one-vote principle for its common stock. Each shareholder is entitled to one vote per share of Common Stock held on any matter put to a shareholder vote. The company is authorized to issue up to 125,000,000 shares of common stock and 1,250,000 shares of preferred stock, although no preferred stock is currently outstanding. This structure gives shareholders a clear understanding of their voting power relative to their share ownership. Recent filings, such as the proxy statement filed on March 21, 2025, provide details on shareholder votes, including director elections and executive compensation advisory votes.
The Hackett Group's governance framework is defined in its Articles of Incorporation and Bylaws. Special shareholder meetings can be called by the Board of Directors or by shareholders holding at least 80% of the voting securities. Directors can only be removed for cause, requiring a two-thirds vote of the outstanding shares. Actions typically taken at shareholder meetings can also be approved without a meeting if supported by shareholders holding at least 80% of the voting power.
- One-share, one-vote principle.
- Special meetings require 80% shareholder support.
- Director removal needs a two-thirds vote.
- Actions can be taken without a meeting with 80% approval.
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What Recent Changes Have Shaped Hackett Group’s Ownership Landscape?
Over the past few years, The Hackett Group has been actively involved in share buyback programs, reflecting a strategic approach to managing its capital structure. As of the end of the first quarter of 2025, the company had a remaining share repurchase program authorization of $21.3 million. In the first quarter of 2025 alone, The Hackett Group repurchased 379 thousand shares at an average price of $30.93, totaling $11.7 million. This indicates a commitment to returning value to The Hackett Group shareholders.
In the fourth quarter of 2024, the company repurchased 117 thousand shares for $3.6 million, with $27.5 million remaining in authorization. These actions, alongside strategic acquisitions, demonstrate the company's efforts to enhance its capabilities and market position. Understanding The Hackett Group ownership structure is crucial for investors looking to assess the company's financial health and strategic direction. The company's focus on Generative AI and digital transformation is a key element of its growth strategy, as highlighted in the Growth Strategy of Hackett Group.
The Hackett Group's financial performance in 2024 showed total revenue of $313.9 million, a 1.7% increase year-over-year. The Board of Directors authorized a 9% increase in its annual dividend in February 2025, from $0.44 to $0.48 per share, reflecting confidence in the company's liquidity and financial performance. These financial metrics provide insights into the company's stability and its ability to reward its investors.
| Key Development | Details | Financial Impact |
|---|---|---|
| Share Repurchase Program | Repurchased 379 thousand shares in Q1 2025; 117 thousand shares in Q4 2024 | $11.7 million in Q1 2025; $3.6 million in Q4 2024 |
| Strategic Acquisitions | Acquisition of Spend Matters™ in May 2025; Acquisition of LeewayHertz Technologies Pvt. Ltd. | Impact on GAAP net income in Q1 2025 due to related expenses; $7.8 million for LeewayHertz |
| Focus on AI | Launch of AI XPLR platform in early 2024 | Aims to drive efficiency and innovation for clients |
The Hackett Group is a publicly traded company, and its ownership is distributed among various investors, including institutional investors and individual shareholders. Understanding the company's ownership structure provides insights into its financial health and strategic direction.
Key personnel at The Hackett Group play a significant role in the company's operations and strategic decisions. The executive team's expertise and leadership drive the company's performance and growth in the market.
Investors in The Hackett Group include a mix of institutional and individual shareholders. Their investment decisions are influenced by the company's financial performance, growth prospects, and strategic initiatives.
The Hackett Group shareholders are the owners of the company's stock, and their interests are represented by the company's performance and strategic decisions. Understanding the shareholder base is crucial for assessing the company's stability and future prospects.
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