Voya Investment Management LLC Reduces Position in The Hackett Group, Inc. $HCKT

Voya Investment Management LLC cut its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 9.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,533 shares of the business services provider’s stock after selling 785 shares during the period. Voya Investment Management LLC’s holdings in The Hackett Group were worth $220,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in The Hackett Group by 48.9% in the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider’s stock valued at $41,000 after buying an additional 463 shares during the period. AlphaQuest LLC boosted its position in The Hackett Group by 60.5% in the 1st quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider’s stock valued at $140,000 after buying an additional 1,810 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in The Hackett Group by 15.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 9,684 shares of the business services provider’s stock valued at $283,000 after buying an additional 1,285 shares during the period. Magnetar Financial LLC purchased a new stake in The Hackett Group in the 1st quarter valued at about $286,000. Finally, Strs Ohio purchased a new stake in The Hackett Group in the 1st quarter valued at about $318,000. 78.12% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group Stock Down 1.3%

NASDAQ:HCKT opened at $19.04 on Tuesday. The firm has a market capitalization of $523.79 million, a P/E ratio of 31.73, a PEG ratio of 1.33 and a beta of 1.03. The Hackett Group, Inc. has a 1-year low of $18.94 and a 1-year high of $34.02. The company’s fifty day moving average price is $21.07 and its 200-day moving average price is $24.11. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be issued a dividend of $0.12 per share. 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 is 80.00%.

Analyst Upgrades and Downgrades

HCKT has been the subject of several research reports. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price target on shares of The Hackett Group in a research 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 research analysts have rated the stock with a Buy rating, According to MarketBeat.com, The Hackett Group currently has a consensus rating of “Buy” and an average target price of $29.67.

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.