Centiva Capital LP Buys New Shares in The Hackett Group, Inc. (NASDAQ:HCKT)

Centiva Capital LP bought a new stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,177 shares of the business services provider’s stock, valued at approximately $294,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in The Hackett Group by 0.6% during the second quarter. Renaissance Technologies LLC now owns 1,053,446 shares of the business services provider’s stock valued at $22,881,000 after purchasing an additional 6,600 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of The Hackett Group by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 266,317 shares of the business services provider’s stock valued at $6,996,000 after acquiring an additional 1,350 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of The Hackett Group by 150.2% during the third quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock valued at $6,607,000 after acquiring an additional 150,962 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of The Hackett Group by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 244,516 shares of the business services provider’s stock valued at $5,311,000 after acquiring an additional 10,725 shares during the period. Finally, Millennium Management LLC raised its holdings 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 acquiring an additional 167,453 shares during the period. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Stock Down 0.6 %

The Hackett Group stock opened at $31.95 on Wednesday. The firm has a market cap of $881.50 million, a PE ratio of 26.19, a P/E/G ratio of 1.74 and a beta of 1.00. 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 firm’s 50 day moving average price is $28.33 and its two-hundred day moving average price is $25.66. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $32.83.

The Hackett Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a $0.11 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.44 annualized dividend and a yield of 1.38%. The Hackett Group’s dividend payout ratio is presently 36.07%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HCKT. Craig Hallum boosted their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barrington Research restated an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a report on Tuesday, November 5th. Finally, Roth Mkm boosted 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

The Hackett Group 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.