The Hackett Group, Inc. (NASDAQ:HCKT) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,872 shares of the business services provider’s stock after purchasing an additional 3,004 shares during the period. Ameriprise Financial Inc. owned approximately 0.07% of The Hackett Group worth $580,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP lifted its position in The Hackett Group by 52.5% during the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider’s stock worth $128,000 after acquiring an additional 1,439 shares in the last quarter. Longboard Asset Management LP acquired a new position in The Hackett Group during the 4th quarter worth approximately $207,000. Arizona State Retirement System acquired a new position in The Hackett Group during the 4th quarter worth approximately $221,000. Principal Financial Group Inc. acquired a new position in The Hackett Group during the 4th quarter worth approximately $248,000. Finally, Integrated Quantitative Investments LLC acquired a new position in The Hackett Group during the 4th quarter worth approximately $266,000. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Price Performance

HCKT stock opened at $24.56 on Wednesday. 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 52-week low of $21.12 and a 52-week high of $34.02. The stock’s 50 day moving average is $25.93 and its two-hundred day moving average is $28.94. The company has a market capitalization of $679.21 million, a PE ratio of 23.17, a P/E/G ratio of 1.53 and a beta of 0.96.

The Hackett Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, June 20th. The Hackett Group’s dividend payout ratio is currently 56.47%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barrington Research reduced their price target on The Hackett Group from $36.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen lowered The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.33.

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.