GSA Capital Partners LLP Decreases Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

GSA Capital Partners LLP decreased its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 4.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,241 shares of the business services provider’s stock after selling 929 shares during the period. GSA Capital Partners LLP’s holdings in The Hackett Group were worth $558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HCKT. Isthmus Partners LLC boosted its holdings in The Hackett Group by 1.1% in the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 1,763 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of The Hackett Group in the 3rd quarter worth about $54,000. CWM LLC raised its position in shares of The Hackett Group by 78.4% in the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after purchasing an additional 2,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after buying an additional 1,283 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in The Hackett Group by 9.0% in the 2nd 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 during the last quarter. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Trading Up 0.1 %

Shares of NASDAQ:HCKT opened at $30.39 on Wednesday. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $32.34. The company has a market capitalization of $838.46 million, a PE ratio of 24.91, a PEG ratio of 1.65 and a beta of 0.91. The business has a 50 day moving average of $26.56 and a two-hundred day moving average of $24.56. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, December 20th. The Hackett Group’s payout ratio is 36.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HCKT. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. Roth Mkm increased their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Craig Hallum raised their price target 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. One investment 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.00.

About The Hackett Group

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.