The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 30.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,718 shares of the business services provider's stock after selling 19,509 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.16% of The Hackett Group worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HCKT. Harbor Capital Advisors Inc. lifted its position in The Hackett Group by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 100,527 shares of the business services provider's stock worth $2,183,000 after buying an additional 73,605 shares during the period. Values First Advisors Inc. acquired a new stake in The Hackett Group during the second quarter worth about $1,799,000. BOKF NA purchased a new position in shares of The Hackett Group in the 1st quarter worth about $305,000. Pacific Ridge Capital Partners LLC acquired a new position in shares of The Hackett Group in the 2nd quarter valued at about $656,000. Finally, Vanguard Group Inc. grew its holdings in shares of The Hackett Group by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider's stock worth $48,480,000 after purchasing an additional 61,635 shares during the period. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

The Hackett Group Stock Performance

Shares of NASDAQ:HCKT traded down $0.53 during trading on Friday, hitting $30.28. 137,100 shares of the company traded hands, compared to its average volume of 103,901. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $32.34. The stock has a market capitalization of $835.43 million, a price-to-earnings ratio of 25.25, a PEG ratio of 1.71 and a beta of 0.91. 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 business's fifty day moving average is $26.26 and its 200-day moving average is $24.37.

The Hackett Group Dividend Announcement

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 given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, December 20th. The Hackett Group's dividend payout ratio is currently 36.07%.

Analyst Upgrades and Downgrades

HCKT has been the topic of several analyst reports. Roth Capital downgraded The Hackett Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 7th. Barrington Research reiterated an "outperform" rating and set a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday, November 5th. Roth Mkm upped their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Finally, 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 report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.

The Hackett Group 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.