Royce & Associates LP Sells 28,596 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Royce & Associates LP trimmed its position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,508,567 shares of the business services provider's stock after selling 28,596 shares during the quarter. Royce & Associates LP owned approximately 5.46% of The Hackett Group worth $39,630,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. CWM LLC boosted 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. Rhumbline Advisers lifted its holdings in shares of The Hackett Group by 1.6% in the second quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider's stock valued at $846,000 after purchasing an additional 608 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of The Hackett Group by 5.2% in the second quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider's stock worth $327,000 after buying an additional 748 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of The Hackett Group by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider's stock valued at $223,000 after buying an additional 851 shares in the last quarter. Finally, Sei Investments Co. raised its position in The Hackett Group by 1.7% during the second quarter. Sei Investments Co. now owns 56,083 shares of the business services provider's stock valued at $1,218,000 after buying an additional 941 shares during the period. Institutional investors and hedge funds own 78.12% of the company's stock.

The Hackett Group Stock Down 1.6 %

Shares of HCKT traded down $0.49 during mid-day trading on Friday, hitting $30.32. 165,313 shares of the company's stock were exchanged, compared to its average volume of 104,107. The stock has a market cap of $836.53 million, a price-to-earnings ratio of 24.91, a P/E/G ratio of 1.71 and a beta of 0.91. The firm has a fifty day moving average of $26.36 and a two-hundred day moving average of $24.41. 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 Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $32.34.

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.11 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.45%. The Hackett Group's dividend payout ratio is currently 36.07%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HCKT. Roth Mkm raised their price objective on The Hackett Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Barrington Research reaffirmed an "outperform" rating and set a $28.00 price objective on shares of The Hackett Group in a research report on Tuesday, November 5th. Roth Capital lowered shares of The Hackett Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Finally, Craig Hallum increased their price objective on The Hackett Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus 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.