The Hackett Group, Inc. (NASDAQ:HCKT) Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC increased its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 4.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 56,629 shares of the business services provider’s stock after buying an additional 2,337 shares during the period. Legato Capital Management LLC’s holdings in The Hackett Group were worth $1,740,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of HCKT. Harbor Capital Advisors Inc. boosted its holdings in shares of The Hackett Group by 150.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock valued at $6,607,000 after buying an additional 150,962 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of The Hackett Group in the 3rd quarter valued at about $3,256,000. Dean Investment Associates LLC boosted its holdings in shares of The Hackett Group by 57.2% in the 3rd quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider’s stock valued at $4,352,000 after buying an additional 60,307 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of The Hackett Group by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock valued at $2,598,000 after buying an additional 48,661 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of The Hackett Group by 47.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 136,674 shares of the business services provider’s stock valued at $3,590,000 after buying an additional 43,775 shares during the period. 78.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Roth Mkm lifted their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group in a research report on Tuesday, November 5th. Finally, Craig Hallum lifted their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hackett Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group Trading Up 0.7 %

Shares of NASDAQ:HCKT opened at $32.09 on Wednesday. The company has a market cap of $885.36 million, a PE ratio of 26.30, a P/E/G ratio of 1.60 and a beta of 0.99. The company’s 50-day moving average price is $30.92 and its 200 day moving average price is $28.28. 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 quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

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.