Royce & Associates LP Trims Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Royce & Associates LP decreased its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,508,567 shares of the business services provider’s stock after selling 28,596 shares during the quarter. Royce & Associates LP owned about 5.46% of The Hackett Group worth $39,630,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after buying an additional 394 shares in the last quarter. Rhumbline Advisers lifted its position in The Hackett Group by 1.6% during the second quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider’s stock worth $846,000 after buying an additional 608 shares in the last quarter. Mackenzie Financial Corp lifted its position in The Hackett Group by 5.2% during the second quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock worth $327,000 after buying an additional 748 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in The Hackett Group by 9.0% during the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after buying an additional 851 shares in the last quarter. Finally, Sei Investments Co. lifted its position in The Hackett Group by 1.7% during the second quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock worth $1,218,000 after buying an additional 941 shares in the last quarter. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barrington Research reissued an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research note on Tuesday, November 5th. Roth Mkm lifted their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Craig Hallum lifted their price objective on The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Roth Capital cut The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Trading Down 1.7 %

HCKT opened at $30.81 on Friday. The Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $32.34. The stock has a market capitalization of $850.05 million, a price-to-earnings ratio of 25.25, a PEG ratio of 1.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The business has a fifty day moving average price of $26.26 and a 200 day moving average price of $24.37.

The Hackett Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.44 annualized dividend and a yield of 1.43%. The Hackett Group’s payout ratio is 36.07%.

The Hackett Group Company 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.