Linden Thomas Advisory Services LLC Raises Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Linden Thomas Advisory Services LLC boosted its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,896 shares of the business services provider’s stock after buying an additional 5,089 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.34% of The Hackett Group worth $2,884,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HCKT. American Century Companies Inc. grew its position in shares of The Hackett Group by 13.3% during the 2nd quarter. American Century Companies Inc. now owns 40,824 shares of the business services provider’s stock valued at $887,000 after acquiring an additional 4,779 shares during the period. Sei Investments Co. lifted its stake in The Hackett Group by 1.7% in the second quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock valued at $1,218,000 after purchasing an additional 941 shares during the last quarter. Squarepoint Ops LLC grew its holdings in The Hackett Group by 97.2% during the second quarter. Squarepoint Ops LLC now owns 21,161 shares of the business services provider’s stock valued at $460,000 after purchasing an additional 10,428 shares during the period. Millennium Management LLC increased its position in The Hackett Group by 293.2% in the second quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock worth $4,878,000 after buying an additional 167,453 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised 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. Hedge funds and other institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Performance

NASDAQ:HCKT opened at $30.71 on Friday. The business’s fifty day moving average is $30.85 and its 200 day moving average is $27.61. The firm has a market cap of $847.29 million, a price-to-earnings ratio of 25.17, a PEG ratio of 1.51 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $32.83.

The Hackett Group Announces Dividend

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

Analyst Upgrades and Downgrades

HCKT has been the subject of several research reports. Craig Hallum increased their price target on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research report on Tuesday, November 5th. Finally, Roth Mkm boosted their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.