Aptus Capital Advisors LLC Acquires 27,787 Shares of The Hackett Group, Inc. $HCKT

Key Points

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Aptus Capital Advisors LLC boosted its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 12.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,081 shares of the business services provider's stock after acquiring an additional 27,787 shares during the period. Aptus Capital Advisors LLC owned 0.89% of The Hackett Group worth $7,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HCKT. Envestnet Asset Management Inc. lifted its position in The Hackett Group by 0.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 232,844 shares of the business services provider's stock worth $7,153,000 after acquiring an additional 952 shares during the last quarter. Invesco Ltd. lifted its position in The Hackett Group by 6.4% during the 4th quarter. Invesco Ltd. now owns 50,414 shares of the business services provider's stock worth $1,549,000 after acquiring an additional 3,043 shares during the last quarter. Raymond James Financial Inc. acquired a new position in The Hackett Group during the 4th quarter worth $1,056,000. Jump Financial LLC acquired a new position in The Hackett Group during the 4th quarter worth $273,000. Finally, State of Tennessee Department of Treasury acquired a new position in The Hackett Group during the 4th quarter worth $513,000. Institutional investors and hedge funds own 78.12% of the company's stock.

The Hackett Group Stock Performance

Shares of NASDAQ:HCKT traded up $1.10 on Friday, hitting $21.09. 284,781 shares of the company were exchanged, compared to its average volume of 372,683. The company's 50 day moving average price is $23.29 and its two-hundred day moving average price is $25.91. The Hackett Group, Inc. has a one year low of $19.39 and a one year high of $34.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market capitalization of $580.19 million, a price-to-earnings ratio of 35.15, a PEG ratio of 1.45 and a beta of 0.96.

The Hackett Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, September 19th. This represents a $0.48 annualized dividend and a dividend yield of 2.3%. The Hackett Group's payout ratio is presently 80.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on HCKT. Wall Street Zen lowered shares of The Hackett Group from a "buy" rating to a "hold" rating in a research report on Monday, July 21st. Barrington Research cut their target price on shares of The Hackett Group from $32.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $29.67.

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.