Boston Partners Raises Holdings in The Hackett Group, Inc. $HCKT

Boston Partners boosted its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 533,948 shares of the business services provider’s stock after buying an additional 9,477 shares during the period. Boston Partners owned 1.93% of The Hackett Group worth $13,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Nuveen LLC bought a new position in shares of The Hackett Group in the 1st quarter worth $3,241,000. Invesco Ltd. grew its stake in The Hackett Group by 151.7% in the first quarter. Invesco Ltd. now owns 126,874 shares of the business services provider’s stock valued at $3,707,000 after purchasing an additional 76,460 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in The Hackett Group by 50.5% in the second quarter. Teacher Retirement System of Texas now owns 216,781 shares of the business services provider’s stock worth $5,511,000 after purchasing an additional 72,761 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of The Hackett Group during the first quarter valued at about $1,379,000. Finally, Russell Investments Group Ltd. lifted its position in shares of The Hackett Group by 21.8% during the first quarter. Russell Investments Group Ltd. now owns 249,033 shares of the business services provider’s stock valued at $7,277,000 after buying an additional 44,493 shares during the last quarter. Institutional investors own 78.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on HCKT. Weiss Ratings reiterated a “hold (c-)” rating on shares of The Hackett Group in a research note on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price target on shares of The Hackett Group in a report on Monday, October 27th. Finally, Wall Street Zen lowered The Hackett Group from a “buy” rating to a “hold” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

The Hackett Group Stock Down 1.2%

Shares of HCKT stock opened at $18.32 on Friday. The Hackett Group, Inc. has a fifty-two week low of $17.52 and a fifty-two week high of $34.02. The firm has a market capitalization of $497.04 million, a PE ratio of 30.53, a P/E/G ratio of 1.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71. The stock’s 50-day simple moving average is $19.23 and its 200-day simple moving average is $22.16.

The Hackett Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. The Hackett Group’s dividend payout ratio (DPR) is currently 126.32%.

The Hackett Group 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.