Victory Capital Management Inc. Increases Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Victory Capital Management Inc. increased its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 18.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,414 shares of the business services provider’s stock after acquiring an additional 2,512 shares during the quarter. Victory Capital Management Inc.’s holdings in The Hackett Group were worth $431,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HCKT. Isthmus Partners LLC increased its holdings in The Hackett Group by 1.1% in the 2nd quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,763 shares during the last quarter. Financial Management Professionals Inc. bought a new position in The Hackett Group in the 3rd quarter worth about $54,000. CWM LLC boosted its stake in The Hackett Group by 78.4% in the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after purchasing an additional 2,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after purchasing an additional 1,283 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in The Hackett Group by 9.0% in the 2nd 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 period. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on HCKT shares. Craig Hallum raised their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Roth Mkm raised their target price on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a research report on Tuesday, November 5th. Finally, Roth Capital downgraded The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, The Hackett Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

The Hackett Group Stock Performance

Shares of HCKT opened at $31.34 on Friday. The company has a market cap of $864.67 million, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $27.49 and a 200-day moving average price of $25.10. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $32.34.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.40%. The Hackett Group’s dividend payout ratio (DPR) is presently 36.07%.

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.