The Hackett Group, Inc. (NASDAQ:HCKT) Stock Holdings Trimmed by Rhumbline Advisers

Rhumbline Advisers trimmed its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 26.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,925 shares of the business services provider’s stock after selling 14,124 shares during the period. Rhumbline Advisers owned approximately 0.14% of The Hackett Group worth $1,137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new stake in The Hackett Group in the 4th quarter worth approximately $248,000. Ameriprise Financial Inc. increased its position in shares of The Hackett Group by 18.9% during the fourth quarter. Ameriprise Financial Inc. now owns 18,872 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 3,004 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in The Hackett Group by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,393 shares of the business services provider’s stock valued at $442,000 after acquiring an additional 503 shares during the period. ProShare Advisors LLC bought a new position in shares of The Hackett Group during the 4th quarter worth approximately $219,000. Finally, Millennium Management LLC grew its holdings in shares of The Hackett Group by 269.6% in the 4th quarter. Millennium Management LLC now owns 53,689 shares of the business services provider’s stock worth $1,649,000 after purchasing an additional 39,163 shares during the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wall Street Zen cut shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 24th. Barrington Research decreased their target price on The Hackett Group from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

The Hackett Group Price Performance

NASDAQ HCKT opened at $23.68 on Friday. The Hackett Group, Inc. has a 12-month low of $21.12 and a 12-month high of $34.02. The firm’s 50 day moving average is $25.18 and its 200-day moving average is $28.41. The company has a market capitalization of $654.99 million, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.16.

The Hackett Group Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, June 20th. This represents a $0.48 annualized dividend and a yield of 2.03%. The Hackett Group’s dividend payout ratio (DPR) is presently 56.47%.

The Hackett Group Company 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.