Isthmus Partners LLC Reduces Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Isthmus Partners LLC cut its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 17.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,366 shares of the business services provider's stock after selling 28,829 shares during the quarter. Isthmus Partners LLC owned approximately 0.49% of The Hackett Group worth $3,556,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in shares of The Hackett Group during the 3rd quarter valued at about $54,000. Quantbot Technologies LP grew its holdings in The Hackett Group by 383.4% in the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider's stock valued at $72,000 after purchasing an additional 2,174 shares during the period. CWM LLC increased 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 buying an additional 2,051 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of The Hackett Group by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider's stock worth $183,000 after buying an additional 1,283 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of The Hackett Group by 9.0% during the 2nd 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. Hedge funds and other institutional investors own 78.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. 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 report on Tuesday, November 5th. Barrington Research reissued an "outperform" rating and set a $28.00 target price on shares of The Hackett Group in a research note on Tuesday, November 5th. Craig Hallum raised 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 note on Tuesday, November 5th. Finally, Roth Capital cut The Hackett Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

The Hackett Group Price Performance

Shares of The Hackett Group stock traded down $0.12 during trading hours on Friday, reaching $31.34. 54,118 shares of the company's stock were exchanged, compared to its average volume of 103,091. The business has a fifty day moving average of $27.49 and a two-hundred day moving average of $25.10. The company has a market capitalization of $864.67 million, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.72 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 Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year high of $32.34.

The Hackett Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued 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 payout ratio is 36.07%.

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.