The Hackett Group, Inc. (NASDAQ:HCKT) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp grew its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 18.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,989 shares of the business services provider’s stock after acquiring an additional 3,501 shares during the quarter. Stifel Financial Corp’s holdings in The Hackett Group were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC raised 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 worth $22,881,000 after buying an additional 6,600 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in The Hackett Group by 0.5% during the 3rd 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 period. Harbor Capital Advisors Inc. grew its stake 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 valued at $6,607,000 after purchasing an additional 150,962 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of The Hackett Group by 4.6% in 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 purchasing an additional 10,725 shares during the period. Finally, Millennium Management LLC lifted 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 worth $4,878,000 after purchasing an additional 167,453 shares during the period. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Price Performance

NASDAQ:HCKT opened at $30.78 on Thursday. The company has a 50 day moving average price of $29.50 and a 200-day moving average price of $26.32. 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 cap of $849.31 million, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51.

The Hackett Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HCKT shares. Craig Hallum raised 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. Roth Mkm raised their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price target 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.