Thomson Horstmann & Bryant Inc. lifted its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,055 shares of the business services provider’s stock after purchasing an additional 3,774 shares during the quarter. Thomson Horstmann & Bryant Inc. owned about 1.47% of The Hackett Group worth $6,890,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Cornercap Investment Counsel Inc. boosted its position in shares of The Hackett Group by 22.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 36,300 shares of the business services provider’s stock worth $570,000 after purchasing an additional 6,590 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of The Hackett Group by 1.8% in the 4th quarter. Wells Fargo & Company MN now owns 492,184 shares of the business services provider’s stock worth $7,734,000 after purchasing an additional 8,770 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of The Hackett Group in the 1st quarter worth approximately $162,000. Mackay Shields LLC bought a new stake in shares of The Hackett Group in the 1st quarter worth approximately $164,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of The Hackett Group in the 4th quarter worth approximately $175,000. 76.21% of the stock is currently owned by hedge funds and other institutional investors.
The Hackett Group opened at $16.20 on Thursday, MarketBeat.com reports. The Hackett Group, Inc. has a 12-month low of $13.24 and a 12-month high of $19.24. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $468.20 million, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, July 11th. Shareholders of record on Friday, June 29th will be issued a $0.17 dividend. This represents a yield of 2.14%. This is an increase from The Hackett Group’s previous Semi-Annual dividend of $0.15. The ex-dividend date of this dividend is Thursday, June 28th. The Hackett Group’s dividend payout ratio is presently 39.47%.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised The Hackett Group from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Barrington Research set a $22.00 price objective on The Hackett Group and gave the company a “buy” rating in a research report on Friday, April 6th. BidaskClub raised The Hackett Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. SunTrust Banks reaffirmed a “buy” rating on shares of The Hackett Group in a research report on Friday, February 23rd. Finally, ValuEngine raised The Hackett Group from a “sell” rating to a “hold” rating in a research report on Friday, May 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.25.
The Hackett Group Profile
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.
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