Los Angeles Capital Management LLC Has $1.15 Million Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Los Angeles Capital Management LLC lessened its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 30.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 43,718 shares of the business services provider’s stock after selling 19,509 shares during the quarter. Los Angeles Capital Management LLC owned about 0.16% of The Hackett Group worth $1,148,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HCKT. CWM LLC raised its holdings in The Hackett Group by 8.4% in the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 394 shares during the period. Rhumbline Advisers increased its stake in shares of 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 purchasing an additional 608 shares during the period. Mackenzie Financial Corp raised its position in shares of The Hackett Group by 5.2% in the second quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock valued at $327,000 after buying an additional 748 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of The Hackett Group by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock valued at $223,000 after buying an additional 851 shares during the period. Finally, Sei Investments Co. grew 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. Institutional investors own 78.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

The Hackett Group Trading Down 1.7 %

NASDAQ HCKT opened at $30.81 on Friday. The stock has a market capitalization of $850.05 million, a P/E ratio of 25.16, a P/E/G ratio of 1.75 and a beta of 0.91. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $32.34. 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 50 day simple moving average of $26.26 and a 200 day simple moving average of $24.37.

The Hackett Group Announces Dividend

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

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.