Linden Thomas Advisory Services LLC Buys 5,089 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Linden Thomas Advisory Services LLC grew its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 5.7% in the fourth quarter, HoldingsChannel.com reports. 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’s holdings in The Hackett Group were worth $2,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in The Hackett Group by 353.1% during the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after buying an additional 738 shares during the period. Financial Management Professionals Inc. bought a new position in shares of The Hackett Group during the third quarter valued at about $54,000. Quantbot Technologies LP raised its stake in shares of The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 2,174 shares during the last quarter. CWM LLC boosted its holdings in shares of The Hackett Group by 8.4% during the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after purchasing an additional 394 shares during the period. Finally, The Manufacturers Life Insurance Company grew 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 worth $223,000 after purchasing an additional 851 shares during the last quarter. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Up 1.2 %

HCKT stock opened at $30.71 on Friday. 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 $847.29 million, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. The business’s 50 day moving average price is $30.85 and its two-hundred day moving average price is $27.61. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.