The Hackett Group, Inc. $HCKT Shares Acquired by Royce & Associates LP

Royce & Associates LP boosted its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 44.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,581,331 shares of the business services provider’s stock after buying an additional 790,522 shares during the quarter. Royce & Associates LP owned approximately 9.51% of The Hackett Group worth $49,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank boosted its holdings in The Hackett Group by 147.7% in the 3rd quarter. Huntington National Bank now owns 1,635 shares of the business services provider’s stock worth $31,000 after buying an additional 975 shares during the last quarter. Quantbot Technologies LP lifted its holdings in The Hackett Group by 903.9% in the 3rd quarter. Quantbot Technologies LP now owns 11,123 shares of the business services provider’s stock valued at $211,000 after purchasing an additional 10,015 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in The Hackett Group by 43.6% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 39,299 shares of the business services provider’s stock worth $747,000 after purchasing an additional 11,937 shares during the last quarter. MAI Capital Management grew its holdings in shares of The Hackett Group by 98.4% during the third quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock worth $33,000 after buying an additional 858 shares in the last quarter. Finally, Isthmus Partners LLC raised its position in shares of The Hackett Group by 16.9% in the third quarter. Isthmus Partners LLC now owns 158,198 shares of the business services provider’s stock valued at $3,007,000 after buying an additional 22,818 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Trading Down 2.4%

NASDAQ HCKT opened at $13.66 on Friday. The firm’s 50-day moving average is $17.81 and its two-hundred day moving average is $18.86. The stock has a market capitalization of $370.60 million, a P/E ratio of 29.06, a PEG ratio of 0.90 and a beta of 1.03. The Hackett Group, Inc. has a 12 month low of $12.76 and a 12 month high of $30.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.88.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 20th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, March 20th. The Hackett Group’s payout ratio is currently 102.13%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Roth Mkm set a $24.00 price objective on shares of The Hackett Group in a research note on Wednesday, February 18th. Barrington Research lowered their target price on The Hackett Group from $27.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Zacks Research downgraded The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Finally, Weiss Ratings raised shares of The Hackett Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.50.

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.