Stifel Financial Corp Buys 3,501 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Stifel Financial Corp boosted its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 18.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,989 shares of the business services provider’s stock after buying an additional 3,501 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of The Hackett Group worth $604,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. CWM LLC grew its stake in The Hackett Group by 8.4% in the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares in the last quarter. Rhumbline Advisers raised its position in The Hackett Group by 1.6% during the 2nd 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 lifted its holdings in shares of The Hackett Group by 5.2% in the 2nd 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 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 worth $223,000 after buying an additional 851 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of 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. 78.12% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group Stock Up 1.2 %

Shares of The Hackett Group stock opened at $30.78 on Thursday. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $32.83. The firm’s 50 day moving average price is $29.50 and its 200-day moving average price is $26.32. 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 company has a market cap of $849.31 million, a P/E ratio of 25.23, a PEG ratio of 1.73 and a beta of 1.00.

The Hackett Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, December 20th. The Hackett Group’s payout ratio is presently 36.07%.

Wall Street Analyst Weigh In

HCKT has been the topic of several recent research reports. Craig Hallum increased their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. 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. Finally, Roth Mkm upped their target price on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.