The Hackett Group, Inc. $HCKT Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 15.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 311,169 shares of the business services provider’s stock after purchasing an additional 41,092 shares during the period. Aptus Capital Advisors LLC owned about 1.15% of The Hackett Group worth $5,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP boosted its position in shares of The Hackett Group by 44.1% during the 3rd quarter. Royce & Associates LP now owns 2,581,331 shares of the business services provider’s stock valued at $49,071,000 after acquiring an additional 790,522 shares during the last quarter. Rhumbline Advisers increased its position in The Hackett Group by 271.2% during the third quarter. Rhumbline Advisers now owns 146,663 shares of the business services provider’s stock worth $2,788,000 after purchasing an additional 107,157 shares during the last quarter. Jane Street Group LLC increased its position in The Hackett Group by 103.0% during the second quarter. Jane Street Group LLC now owns 95,806 shares of the business services provider’s stock worth $2,435,000 after purchasing an additional 48,612 shares during the last quarter. SG Americas Securities LLC purchased a new position in The Hackett Group during the third quarter worth about $916,000. Finally, Qube Research & Technologies Ltd raised its stake in The Hackett Group by 37.8% during the second quarter. Qube Research & Technologies Ltd now owns 149,558 shares of the business services provider’s stock worth $3,802,000 after purchasing an additional 41,033 shares during the period. 78.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HCKT has been the subject of several analyst reports. Zacks Research cut shares of The Hackett Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Roth Mkm set a $24.00 price target on shares of The Hackett Group in a research report on Wednesday, February 18th. Weiss Ratings upgraded The Hackett Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 25th. Finally, Barrington Research lowered their price objective on The Hackett Group from $27.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.50.

The Hackett Group Trading Down 0.8%

NASDAQ HCKT opened at $14.21 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.72 and a quick ratio of 1.88. The stock has a market capitalization of $360.65 million, a P/E ratio of 30.23, a PEG ratio of 0.94 and a beta of 1.05. The firm’s 50-day moving average is $17.22 and its two-hundred day moving average is $18.64. The Hackett Group, Inc. has a 12 month low of $12.76 and a 12 month high of $29.65.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 20th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.4%. The Hackett Group’s payout ratio is presently 102.13%.

The Hackett Group Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.