Los Angeles Capital Management LLC Has $1.15 Million Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Los Angeles Capital Management LLC decreased its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,718 shares of the business services provider’s stock after selling 19,509 shares during the period. Los Angeles Capital Management LLC’s holdings in The Hackett Group were worth $1,148,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Millennium Management LLC boosted its position in shares of The Hackett Group by 293.2% during the second quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock valued at $4,878,000 after buying an additional 167,453 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in The Hackett Group by 150.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after acquiring an additional 150,962 shares during the last quarter. Values First Advisors Inc. bought a new stake in shares of The Hackett Group in the 2nd quarter worth $1,799,000. Aristides Capital LLC raised its holdings in shares of The Hackett Group by 111.8% in the first quarter. Aristides Capital LLC now owns 144,869 shares of the business services provider’s stock valued at $3,520,000 after purchasing an additional 76,472 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of The Hackett Group by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after purchasing an additional 61,635 shares in the last quarter. 78.12% of the stock is owned by institutional investors.

The Hackett Group Stock Down 1.7 %

Shares of NASDAQ HCKT opened at $30.81 on Friday. The business has a 50-day simple moving average of $26.26 and a two-hundred day simple moving average of $24.37. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $32.34. The company has a market cap of $850.05 million, a P/E ratio of 25.16, a P/E/G ratio of 1.75 and a beta of 0.91. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

The Hackett Group Dividend Announcement

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

Analyst Ratings Changes

HCKT has been the subject of several analyst reports. Roth Mkm increased 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 note on Tuesday, November 5th. Craig Hallum lifted their price target on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.