Haven Private LLC Buys 7,174 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Haven Private LLC increased its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 30.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,462 shares of the business services provider’s stock after buying an additional 7,174 shares during the quarter. Haven Private LLC owned about 0.11% of The Hackett Group worth $890,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HCKT. American Century Companies Inc. boosted its holdings in The Hackett Group by 10.5% in the fourth quarter. American Century Companies Inc. now owns 52,973 shares of the business services provider’s stock worth $1,627,000 after acquiring an additional 5,036 shares in the last quarter. Vanguard Group Inc. lifted its holdings in The Hackett Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,186,611 shares of the business services provider’s stock valued at $67,173,000 after acquiring an additional 16,682 shares during the period. Prudential Financial Inc. purchased a new stake in shares of The Hackett Group in the fourth quarter valued at approximately $778,000. JPMorgan Chase & Co. increased its position in shares of The Hackett Group by 56.2% in the fourth quarter. JPMorgan Chase & Co. now owns 154,492 shares of the business services provider’s stock valued at $4,746,000 after buying an additional 55,608 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of The Hackett Group in the fourth quarter valued at approximately $565,000. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Trading Down 1.7%

NASDAQ:HCKT opened at $23.00 on Friday. The stock’s 50 day moving average price is $24.41 and its 200 day moving average price is $26.98. The company has a market capitalization of $636.18 million, a PE ratio of 27.06, a P/E/G ratio of 1.35 and a beta of 0.96. 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, Inc. has a 52-week low of $21.44 and a 52-week high of $34.02.

Analyst Ratings Changes

Several analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and set a $32.00 price target on shares of The Hackett Group in a research report on Thursday, July 17th. Wall Street Zen lowered The Hackett Group from a “buy” rating to a “hold” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.33.

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.