The Hackett Group, Inc. (NASDAQ:HCKT) Holdings Decreased by Quest Partners LLC

Quest Partners LLC trimmed its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 60.8% in the third quarter, Holdings Channel.com reports. The fund owned 8,203 shares of the business services provider’s stock after selling 12,730 shares during the period. Quest Partners LLC’s holdings in The Hackett Group were worth $215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Financial Management Professionals Inc. bought a new stake in shares of The Hackett Group in the 3rd quarter valued at approximately $54,000. CWM LLC increased its holdings in shares of The Hackett Group by 78.4% in the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 2,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 valued at $183,000 after acquiring an additional 1,283 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in The Hackett Group by 9.0% during 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 purchasing an additional 851 shares during the period. Finally, SG Americas Securities LLC acquired a new position in The Hackett Group during the 3rd quarter valued at approximately $321,000. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Trading Down 0.2 %

Shares of HCKT stock opened at $31.46 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $32.34. The stock has a fifty day moving average of $27.29 and a two-hundred day moving average of $24.99. The firm has a market capitalization of $867.98 million, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91.

The Hackett Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a yield of 1.40%. The Hackett Group’s dividend payout ratio (DPR) is presently 36.07%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HCKT shares. Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Barrington Research restated an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a research report on Tuesday, November 5th. Craig Hallum boosted their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm boosted their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Company 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.