Boston Partners Buys 9,477 Shares of The Hackett Group, Inc. $HCKT

Boston Partners increased its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 533,948 shares of the business services provider’s stock after buying an additional 9,477 shares during the period. Boston Partners owned 1.94% of The Hackett Group worth $13,305,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quaker Wealth Management LLC increased its holdings in shares of The Hackett Group by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,143 shares of the business services provider’s stock worth $29,000 after purchasing an additional 2,286 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of The Hackett Group in the second quarter valued at approximately $65,000. Hennessy Advisors Inc. acquired a new stake in The Hackett Group in the second quarter worth about $91,000. AlphaQuest LLC boosted its stake in The Hackett Group by 60.5% in the first quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 1,810 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in The Hackett Group in the first quarter valued at about $286,000. 78.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HCKT. Weiss Ratings restated a “hold (c-)” rating on shares of The Hackett Group in a report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $27.00 target price on shares of The Hackett Group in a research note on Monday, October 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, The Hackett Group has an average rating of “Moderate Buy” and a consensus target price of $27.00.

The Hackett Group Stock Performance

Shares of HCKT stock opened at $18.46 on Friday. The firm has a market capitalization of $500.70 million, a price-to-earnings ratio of 30.76, a PEG ratio of 1.23 and a beta of 1.03. The business’s 50-day moving average price is $18.69 and its 200-day moving average price is $21.61. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The Hackett Group, Inc. has a 12 month low of $17.52 and a 12 month high of $34.02.

The Hackett Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Tuesday, December 23rd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 23rd. The Hackett Group’s payout ratio is currently 126.32%.

The Hackett Group 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.