Dean Investment Associates LLC raised its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 57.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 165,647 shares of the business services provider's stock after purchasing an additional 60,307 shares during the period. Dean Investment Associates LLC owned 0.60% of The Hackett Group worth $4,352,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of The Hackett Group by 7.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,595 shares of the business services provider's stock valued at $720,000 after purchasing an additional 2,175 shares during the period. CWM LLC lifted its position in shares of The Hackett Group by 78.4% in the second 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 in the last quarter. Values First Advisors Inc. bought a new position in shares of The Hackett Group in the second quarter worth about $1,799,000. Bank of New York Mellon Corp boosted its stake in The Hackett Group by 4.6% in 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. Finally, Legato Capital Management LLC bought a new position in shares of The Hackett Group during the second quarter worth $609,000. Institutional investors own 78.12% of the company's stock.
The Hackett Group Trading Up 0.3 %
NASDAQ HCKT traded up $0.09 on Friday, hitting $32.32. 63,890 shares of the stock were exchanged, compared to its average volume of 98,975. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $32.74. 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 stock has a fifty day moving average price of $28.09 and a two-hundred day moving average price of $25.51. The firm has a market capitalization of $891.81 million, a P/E ratio of 26.49, a P/E/G ratio of 1.73 and a beta of 1.00.
The Hackett Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, December 20th. The Hackett Group's payout ratio is currently 36.07%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on HCKT. Barrington Research reiterated an "outperform" rating and issued a $28.00 price target on shares of The Hackett Group in a research note on Tuesday, November 5th. Craig Hallum increased 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. Finally, Roth Mkm boosted their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, The Hackett Group currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.
Get Our Latest Report on The Hackett Group
The Hackett Group Company Profile
(
Free Report)
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.
Featured Articles
Before you consider The Hackett Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Hackett Group wasn't on the list.
While The Hackett Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.