Quantinno Capital Management LP grew its holdings in The Hackett Group, Inc. (NASDAQ:HCKT – Free Report) by 554.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,993 shares of the business services provider’s stock after purchasing an additional 169,420 shares during the period. Quantinno Capital Management LP owned about 0.79% of The Hackett Group worth $2,602,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Royal Bank of Canada grew its position in The Hackett Group by 253.5% in the first quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock valued at $957,000 after purchasing an additional 23,503 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in The Hackett Group by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock worth $439,000 after buying an additional 614 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of The Hackett Group during the 1st quarter worth about $1,379,000. Rhumbline Advisers boosted its stake in shares of The Hackett Group by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock worth $1,004,000 after buying an additional 581 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of The Hackett Group by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 64,276 shares of the business services provider’s stock valued at $1,634,000 after acquiring an additional 4,399 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.
The Hackett Group Price Performance
The Hackett Group stock opened at $11.53 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.94 and a quick ratio of 1.94. The company’s 50-day moving average is $10.67 and its 200-day moving average is $12.64. The firm has a market capitalization of $286.87 million, a PE ratio of 17.74, a P/E/G ratio of 0.94 and a beta of 0.92. The Hackett Group, Inc. has a fifty-two week low of $9.15 and a fifty-two week high of $21.40.
The Hackett Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 18th. The Hackett Group’s dividend payout ratio (DPR) is presently 73.85%.
Wall Street Analysts Forecast Growth
HCKT has been the topic of a number of recent research reports. Wall Street Zen downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded The Hackett Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Barrington Research decreased their price target on The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Wednesday, May 6th. Roth Capital set a $17.00 price target on The Hackett Group in a research report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of The Hackett Group in a report on Monday, July 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.50.
Get Our Latest Stock Report on HCKT
About The Hackett Group
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.
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