The Hackett Group, Inc. $HCKT Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 27.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,808 shares of the business services provider’s stock after selling 4,550 shares during the quarter. Intech Investment Management LLC’s holdings in The Hackett Group were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of The Hackett Group by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 765,243 shares of the business services provider’s stock worth $19,455,000 after acquiring an additional 18,196 shares during the period. Boston Partners increased its position in The Hackett Group by 1.8% during the second quarter. Boston Partners now owns 533,948 shares of the business services provider’s stock worth $13,305,000 after purchasing an additional 9,477 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of The Hackett Group by 10.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 40,911 shares of the business services provider’s stock valued at $1,040,000 after purchasing an additional 3,787 shares during the last quarter. Haven Private LLC increased its holdings in shares of The Hackett Group by 2.3% during the 2nd quarter. Haven Private LLC now owns 31,157 shares of the business services provider’s stock worth $792,000 after buying an additional 695 shares during the last quarter. Finally, 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 buying an additional 2,286 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Up 0.3%

HCKT stock opened at $18.46 on Monday. 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 firm has a 50 day simple moving average of $18.69 and a 200-day simple moving average of $21.55. The company has a market capitalization of $500.70 million, a P/E ratio of 30.76, a PEG ratio of 1.23 and a beta of 1.03. The Hackett Group, Inc. has a twelve month low of $17.52 and a twelve month high of $34.02.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders 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%.

Analyst Ratings Changes

A number of research analysts have weighed in on HCKT shares. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of The Hackett Group in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of The Hackett Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, The Hackett Group presently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

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.