The Hackett Group, Inc. (NASDAQ:HCKT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 2,890.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,483 shares of the business services provider’s stock after purchasing an additional 11,099 shares during the period. GAMMA Investing LLC’s holdings in The Hackett Group were worth $3,360,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HCKT. Versant Capital Management Inc grew its position in The Hackett Group by 48.9% in the first quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider’s stock worth $41,000 after buying an additional 463 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of The Hackett Group by 52.5% during the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider’s stock worth $128,000 after acquiring an additional 1,439 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of The Hackett Group during the 4th quarter worth $219,000. Arizona State Retirement System acquired a new position in shares of The Hackett Group in the 4th quarter worth $221,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of The Hackett Group during the fourth quarter worth $248,000. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Trading Down 1.0%

The Hackett Group stock opened at $24.83 on Thursday. The Hackett Group, Inc. has a 52 week low of $21.12 and a 52 week high of $34.02. 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 firm has a market capitalization of $686.67 million, a price-to-earnings ratio of 23.42, a P/E/G ratio of 1.53 and a beta of 0.95. The company has a 50 day moving average price of $25.46 and a 200 day moving average price of $28.71.

The Hackett Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $0.48 annualized dividend and a dividend yield of 1.93%. The Hackett Group’s dividend payout ratio (DPR) is presently 56.47%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barrington Research reduced their target price on The Hackett Group from $36.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th. Wall Street Zen lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

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.