Wellington Management Group LLP Has $9.83 Million Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Wellington Management Group LLP lessened its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 14.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,991 shares of the business services provider’s stock after selling 61,912 shares during the quarter. Wellington Management Group LLP owned about 1.36% of The Hackett Group worth $9,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in shares of The Hackett Group by 0.6% in 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 in the last quarter. State Street Corp increased its stake in shares of The Hackett Group by 4.1% in the 3rd quarter. State Street Corp now owns 641,783 shares of the business services provider’s stock valued at $16,927,000 after buying an additional 25,249 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 worth $6,996,000 after acquiring an additional 1,350 shares during the last quarter. Harbor Capital Advisors Inc. raised its position 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 worth $6,607,000 after acquiring an additional 150,962 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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. 78.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HCKT has been the subject of a number of research reports. Roth Mkm lifted their price objective on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Craig Hallum lifted their price target on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Barrington Research restated an “outperform” rating and issued 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 issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

The Hackett Group Trading Down 0.0 %

NASDAQ:HCKT opened at $31.94 on Monday. 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 Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $32.83. The firm has a market capitalization of $881.22 million, a price-to-earnings ratio of 26.18, a PEG ratio of 1.73 and a beta of 1.00. The business’s 50-day moving average price is $28.71 and its two-hundred day moving average price is $25.85.

The Hackett Group Announces Dividend

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

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.