Hotchkis & Wiley Capital Management LLC Makes New Investment in The Hackett Group, Inc. (NASDAQ:HCKT)

Hotchkis & Wiley Capital Management LLC acquired a new position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 123,930 shares of the business services provider's stock, valued at approximately $3,256,000. Hotchkis & Wiley Capital Management LLC owned 0.45% of The Hackett Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of The Hackett Group by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider's stock worth $22,881,000 after buying an additional 6,600 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in The Hackett Group by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider's stock worth $6,996,000 after acquiring an additional 1,350 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of The Hackett Group by 150.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider's stock valued at $6,607,000 after acquiring an additional 150,962 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $5,311,000 after purchasing an additional 10,725 shares during the period. Finally, Millennium Management LLC boosted its position in shares of The Hackett Group by 293.2% in the 2nd quarter. Millennium Management LLC now owns 224,567 shares of the business services provider's stock worth $4,878,000 after purchasing an additional 167,453 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Trading Up 0.3 %

NASDAQ:HCKT traded up $0.09 on Friday, reaching $32.32. The company's stock had a trading volume of 63,890 shares, compared to its average volume of 98,975. The Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $32.74. The business's 50-day moving average price is $28.09 and its two-hundred day moving average price is $25.48. The firm has a market cap of $891.71 million, a PE ratio of 26.49, a PEG ratio of 1.73 and a beta of 1.00. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.11 per share. 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 1.36%. The Hackett Group's payout ratio is 36.07%.

Analysts Set New Price Targets

HCKT has been the subject of a number of recent analyst reports. 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 report on Tuesday, November 5th. Craig Hallum increased their price target on shares of 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, Barrington Research restated an "outperform" rating and set a $28.00 price objective on shares of The Hackett Group in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, The Hackett Group has an average rating of "Moderate Buy" and a consensus 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.