Greenwood Capital Associates LLC Has $476,000 Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Greenwood Capital Associates LLC trimmed its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 14.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,500 shares of the business services provider’s stock after selling 2,667 shares during the period. Greenwood Capital Associates LLC’s holdings in The Hackett Group were worth $476,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HCKT. CWM LLC lifted its holdings in The Hackett Group by 8.4% during the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after buying an additional 394 shares in the last quarter. Versant Capital Management Inc raised its position in shares of The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after acquiring an additional 738 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of The Hackett Group by 9.0% during 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 acquiring an additional 851 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in The Hackett Group by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock valued at $6,996,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in The Hackett Group by 9.9% in the third quarter. Sanctuary Advisors LLC now owns 22,777 shares of the business services provider’s stock worth $598,000 after purchasing an additional 2,058 shares during the period. 78.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Craig Hallum raised their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Roth Mkm lifted their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Stock Performance

Shares of NASDAQ:HCKT opened at $31.59 on Wednesday. The firm’s 50 day simple moving average is $30.89 and its 200 day simple moving average is $28.02. The Hackett Group, Inc. has a fifty-two week low of $20.23 and a fifty-two week high of $32.83. The company has a market capitalization of $871.57 million, a price-to-earnings ratio of 25.89, a P/E/G ratio of 1.54 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51.

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.