Sanctuary Advisors LLC Acquires 2,058 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Sanctuary Advisors LLC lifted its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,777 shares of the business services provider’s stock after purchasing an additional 2,058 shares during the period. Sanctuary Advisors LLC owned about 0.08% of The Hackett Group worth $598,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Isthmus Partners LLC boosted its position in The Hackett Group by 1.1% during the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock valued at $36,000 after buying an additional 1,763 shares during the period. Financial Management Professionals Inc. purchased a new stake in The Hackett Group during the 3rd quarter valued at about $54,000. Quantbot Technologies LP grew its position in The Hackett Group by 383.4% during the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after acquiring an additional 2,174 shares during the last quarter. CWM LLC increased its stake in The Hackett Group by 8.4% in the 3rd 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in The Hackett Group by 18.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock valued at $183,000 after purchasing an additional 1,283 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on HCKT shares. Craig Hallum lifted their target price 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. Roth Mkm boosted their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday, November 5th. One investment 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

The Hackett Group Stock Performance

Shares of HCKT stock opened at $30.78 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $29.39 and a 200 day moving average of $26.26. The firm has a market capitalization of $849.31 million, a price-to-earnings ratio of 25.23, a PEG ratio of 1.73 and a beta of 1.00. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $32.83.

The Hackett Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, December 20th. The Hackett Group’s payout ratio is 36.07%.

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.