Hennion & Walsh Asset Management Inc. Makes New $258,000 Investment in The Hackett Group, Inc. (NASDAQ:HCKT)

Hennion & Walsh Asset Management Inc. purchased a new stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,399 shares of the business services provider’s stock, valued at approximately $258,000.

Several other large investors have also recently modified their holdings of HCKT. Versant Capital Management Inc increased its holdings in The Hackett Group by 353.1% in the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 738 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of The Hackett Group in the third quarter valued at about $54,000. Quantbot Technologies LP raised its position in shares of The Hackett Group by 383.4% during the third quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after acquiring an additional 2,174 shares during the last quarter. CWM LLC lifted its stake in shares of The Hackett Group by 8.4% in the third quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after acquiring an additional 394 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of The Hackett Group by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after acquiring an additional 851 shares during the period. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Price Performance

Shares of HCKT opened at $30.38 on Wednesday. The firm has a market cap of $838.18 million, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $32.83. The business’s 50 day moving average price is $30.91 and its two-hundred day moving average price is $27.44. 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 Hackett Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.45%. The Hackett Group’s payout ratio is presently 36.07%.

Analyst Upgrades and Downgrades

Several research 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 report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research note on Tuesday, November 5th. Finally, Roth Mkm boosted their target price 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.00.

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.