The Hackett Group, Inc. (NASDAQ:HCKT) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,299 shares of the business services provider's stock after acquiring an additional 24,106 shares during the period. Aptus Capital Advisors LLC owned about 0.64% of The Hackett Group worth $4,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HCKT. Vanguard Group Inc. increased its position in shares of The Hackett Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider's stock valued at $48,480,000 after acquiring an additional 61,635 shares during the period. Renaissance Technologies LLC increased its position in The Hackett Group by 0.6% during the second quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider's stock worth $22,881,000 after purchasing an additional 6,600 shares during the last quarter. Earnest Partners LLC lifted its holdings in The Hackett Group by 13.1% in the first quarter. Earnest Partners LLC now owns 488,606 shares of the business services provider's stock valued at $11,873,000 after acquiring an additional 56,635 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in The Hackett Group by 150.2% in the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider's stock valued at $6,607,000 after buying an additional 150,962 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of The Hackett Group by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 244,516 shares of the business services provider's stock worth $5,311,000 after purchasing an additional 10,725 shares during the period. 78.12% of the stock is owned by institutional investors.

The Hackett Group Trading Down 2.1 %

HCKT traded down $0.67 during trading on Wednesday, hitting $31.35. 154,435 shares of the company's stock were exchanged, compared to its average volume of 103,921. The stock has a 50 day moving average price of $26.15 and a 200 day moving average price of $24.32. 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 Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $32.34. The firm has a market cap of $864.95 million, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 1.75 and a beta of 0.91.

The Hackett Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.11 dividend. The ex-dividend date of this dividend 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 36.07%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HCKT. Roth Mkm raised their price target 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. 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 research report on Tuesday, November 5th. Barrington Research restated an "outperform" rating and issued a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. Finally, Roth Capital cut shares of The Hackett Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, The Hackett Group has an average rating of "Moderate Buy" and an average target price of $30.00.

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.