Goldman Sachs Group Inc. Has $5.37 Million Stock Holdings in The Hackett Group, Inc. $HCKT

Key Points

• Goldman Sachs Group Inc. reduced its stake in The Hackett Group by 60.2%, now holding approximately 183,740 shares valued at about $5.37 million.
• Multiple institutional investors have either increased or initiated stakes in The Hackett Group, with Versant Capital Management and AlphaQuest LLC increasing their holdings significantly.
• The Hackett Group announced a quarterly dividend of $0.12 per share, reflecting a dividend yield of 2.3% and a payout ratio of 80.00%.

Goldman Sachs Group Inc. lessened its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 60.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,740 shares of the business services provider's stock after selling 278,237 shares during the quarter. Goldman Sachs Group Inc. owned about 0.66% of The Hackett Group worth $5,369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in The Hackett Group by 48.9% in the first quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock valued at $41,000 after purchasing an additional 463 shares during the last quarter. AlphaQuest LLC increased its holdings in The Hackett Group by 60.5% in the first quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider's stock valued at $140,000 after purchasing an additional 1,810 shares during the last quarter. ProShare Advisors LLC bought a new stake in The Hackett Group in the fourth quarter valued at about $219,000. Hennion & Walsh Asset Management Inc. increased its holdings in The Hackett Group by 15.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 9,684 shares of the business services provider's stock valued at $283,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in The Hackett Group in the first quarter valued at about $286,000. Institutional investors own 78.12% of the company's stock.

The Hackett Group Stock Down 0.9%

Shares of The Hackett Group stock opened at $20.72 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market capitalization of $570.01 million, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.03. The Hackett Group, Inc. has a 1 year low of $19.39 and a 1 year high of $34.02. The business has a 50-day moving average of $22.00 and a two-hundred day moving average of $24.75.

The Hackett Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors 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 dividend on an annualized basis and a dividend yield of 2.3%. The Hackett Group's dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HCKT shares. Barrington Research reiterated an "outperform" rating and issued a $27.00 price objective on shares of The Hackett Group in a report on Thursday, September 4th. Wall Street Zen downgraded The Hackett Group from a "buy" rating to a "hold" rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, The Hackett Group presently 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.

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