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

Versant Capital Management Inc lifted its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 353.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 947 shares of the business services provider’s stock after buying an additional 738 shares during the period. Versant Capital Management Inc’s holdings in The Hackett Group were worth $29,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in The Hackett Group during the 3rd quarter worth $54,000. Quantbot Technologies LP boosted its holdings in The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after purchasing an additional 2,174 shares during the last quarter. CWM LLC boosted its holdings in The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after purchasing an additional 1,283 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in The Hackett Group by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock valued at $223,000 after buying an additional 851 shares during the last quarter. Institutional investors own 78.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HCKT has been the subject of several recent analyst reports. Craig Hallum upped their target price on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Roth Mkm upped their price objective 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. Finally, Barrington Research reiterated an “outperform” rating and set a $28.00 target price 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, The Hackett Group has a consensus rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Price Performance

Shares of NASDAQ HCKT opened at $29.42 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $30.45 and a two-hundred day simple moving average of $26.87. The Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $32.83. The firm has a market cap of $811.79 million, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, December 20th. The Hackett Group’s dividend payout ratio (DPR) 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.