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

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Aptus Capital Advisors LLC grew its holdings in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 12.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,081 shares of the business services provider's stock after acquiring an additional 27,787 shares during the quarter. Aptus Capital Advisors LLC owned 0.89% of The Hackett Group worth $7,190,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of The Hackett Group by 23.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 41,234 shares of the business services provider's stock worth $1,204,000 after acquiring an additional 7,885 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of The Hackett Group by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 234,470 shares of the business services provider's stock worth $6,851,000 after acquiring an additional 1,626 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of The Hackett Group by 128.7% in the first quarter. Victory Capital Management Inc. now owns 28,487 shares of the business services provider's stock worth $832,000 after acquiring an additional 16,030 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of The Hackett Group by 18.9% in the fourth quarter. Ameriprise Financial Inc. now owns 18,872 shares of the business services provider's stock worth $580,000 after acquiring an additional 3,004 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of The Hackett Group by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,393 shares of the business services provider's stock worth $442,000 after acquiring an additional 503 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Stock Up 1.1%

Shares of The Hackett Group stock opened at $20.49 on Tuesday. The business's 50 day simple moving average is $23.63 and its 200 day simple moving average is $26.22. The Hackett Group, Inc. has a 52-week low of $19.39 and a 52-week high of $34.02. The firm has a market cap of $563.70 million, a PE ratio of 34.15, a P/E/G ratio of 1.40 and a beta of 0.96. 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 Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, September 19th. The Hackett Group's dividend payout ratio (DPR) is currently 80.00%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HCKT. Wall Street Zen downgraded The Hackett Group from a "buy" rating to a "hold" rating in a report on Monday, July 21st. Barrington Research dropped their target price on The Hackett Group from $32.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 6th.

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.

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