Farther Finance Advisors LLC Boosts Stake in The Hackett Group, Inc. $HCKT

Farther Finance Advisors LLC lifted its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 15.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,847 shares of the business services provider’s stock after purchasing an additional 1,983 shares during the quarter. Farther Finance Advisors LLC owned about 0.05% of The Hackett Group worth $377,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CWC Advisors LLC. boosted its holdings in The Hackett Group by 2.6% in the 2nd quarter. CWC Advisors LLC. now owns 16,600 shares of the business services provider’s stock valued at $422,000 after purchasing an additional 428 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of The Hackett Group by 2.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 263,446 shares of the business services provider’s stock valued at $6,697,000 after buying an additional 6,276 shares during the period. Strs Ohio acquired a new position in The Hackett Group in the first quarter valued at approximately $318,000. Jane Street Group LLC acquired a new position in The Hackett Group in the first quarter valued at approximately $1,379,000. Finally, Punch & Associates Investment Management Inc. grew its position in The Hackett Group by 1.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 410,741 shares of the business services provider’s stock worth $12,002,000 after acquiring an additional 6,635 shares during the period. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $27.00 price objective on shares of The Hackett Group in a report on Thursday, September 4th. Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research report on Monday, July 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $29.67.

The Hackett Group Stock Performance

NASDAQ:HCKT opened at $19.29 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.71. The Hackett Group, Inc. has a 12 month low of $19.15 and a 12 month high of $34.02. The firm has a market capitalization of $530.67 million, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.03. The business’s fifty day moving average price is $21.16 and its 200 day moving average price is $24.18.

The Hackett Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $0.48 dividend on an annualized basis and a yield of 2.5%. The Hackett Group’s dividend payout ratio (DPR) is 80.00%.

About The Hackett Group

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.