The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC reduced its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 17.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,366 shares of the business services provider’s stock after selling 28,829 shares during the quarter. Isthmus Partners LLC’s holdings in The Hackett Group were worth $3,556,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of The Hackett Group by 20.6% in the third quarter. BNP Paribas Financial Markets now owns 41,375 shares of the business services provider’s stock valued at $1,087,000 after acquiring an additional 7,078 shares during the period. Quantbot Technologies LP lifted its holdings in shares of The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after purchasing an additional 2,174 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of The Hackett Group by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock worth $6,996,000 after purchasing an additional 1,350 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of The Hackett Group by 18.1% during the third quarter. Victory Capital Management Inc. now owns 16,414 shares of the business services provider’s stock worth $431,000 after purchasing an additional 2,512 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of The Hackett Group by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 178,299 shares of the business services provider’s stock worth $4,684,000 after purchasing an additional 24,106 shares during the period. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Trading Down 0.2 %

Shares of HCKT stock opened at $31.46 on Friday. The Hackett Group, Inc. has a fifty-two week low of $20.23 and a fifty-two week high of $32.34. The stock has a market cap of $867.98 million, a P/E ratio of 25.79, a P/E/G ratio of 1.70 and a beta of 0.91. The business has a fifty day simple moving average of $27.38 and a 200-day simple moving average of $25.03. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group Dividend Announcement

The business also recently disclosed 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, December 20th. The Hackett Group’s payout ratio is currently 36.07%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HCKT shares. Barrington Research reiterated an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group in a research report on Tuesday, November 5th. Roth Capital cut The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Craig Hallum increased their price objective on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm increased their price objective on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.