Allianz Asset Management GmbH Buys 17,800 Shares of The Hackett Group, Inc. $HCKT

Allianz Asset Management GmbH raised its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 30.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 76,000 shares of the business services provider’s stock after purchasing an additional 17,800 shares during the quarter. Allianz Asset Management GmbH owned 0.27% of The Hackett Group worth $1,932,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in The Hackett Group in the first quarter valued at about $3,241,000. Invesco Ltd. increased its stake in The Hackett Group by 151.7% in the first quarter. Invesco Ltd. now owns 126,874 shares of the business services provider’s stock valued at $3,707,000 after acquiring an additional 76,460 shares during the period. Jane Street Group LLC bought a new stake in The Hackett Group in the first quarter valued at about $1,379,000. Russell Investments Group Ltd. increased its stake in The Hackett Group by 21.8% in the first quarter. Russell Investments Group Ltd. now owns 249,033 shares of the business services provider’s stock valued at $7,277,000 after acquiring an additional 44,493 shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in The Hackett Group by 12.7% in the first quarter. Aptus Capital Advisors LLC now owns 246,081 shares of the business services provider’s stock valued at $7,190,000 after acquiring an additional 27,787 shares during the period. Institutional investors own 78.12% of the company’s stock.

Analyst Upgrades and Downgrades

HCKT has been the topic of a number of analyst reports. Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of The Hackett Group in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of The Hackett Group in a research note on Saturday. Finally, Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, The Hackett Group has a consensus rating of “Moderate Buy” and an average price target of $29.67.

The Hackett Group Price Performance

HCKT opened at $18.93 on Friday. The Hackett Group, Inc. has a one year low of $18.38 and a one year high of $34.02. 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 company’s 50 day simple moving average is $19.87 and its 200-day simple moving average is $22.91. The stock has a market capitalization of $520.76 million, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 1.30 and a beta of 0.97.

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, September 19th. The Hackett Group’s dividend payout ratio is 80.00%.

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.