Lazard Asset Management LLC Buys 21,528 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Lazard Asset Management LLC grew its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 981.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,721 shares of the business services provider's stock after purchasing an additional 21,528 shares during the quarter. Lazard Asset Management LLC owned about 0.09% of The Hackett Group worth $727,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Deutsche Bank AG raised its stake in shares of The Hackett Group by 72.2% during the 4th quarter. Deutsche Bank AG now owns 20,657 shares of the business services provider's stock valued at $635,000 after purchasing an additional 8,658 shares during the period. Dean Capital Management increased its position in shares of The Hackett Group by 6.3% during the fourth quarter. Dean Capital Management now owns 90,057 shares of the business services provider's stock valued at $2,767,000 after buying an additional 5,346 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of The Hackett Group by 55.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 35,612 shares of the business services provider's stock valued at $1,094,000 after buying an additional 12,743 shares during the period. Ameriprise Financial Inc. lifted 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 buying an additional 3,004 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in shares of The Hackett Group by 22.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 218,294 shares of the business services provider's stock valued at $6,706,000 after acquiring an additional 39,995 shares during the period. Hedge funds and other institutional investors own 78.12% of the company's stock.

The Hackett Group Price Performance

The Hackett Group stock traded down $0.23 during mid-day trading on Monday, hitting $24.56. 155,328 shares of the company traded hands, compared to its average volume of 120,219. 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, Inc. has a one year low of $21.12 and a one year high of $34.02. The stock has a market cap of $679.21 million, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The stock has a fifty day moving average price of $26.44 and a 200-day moving average price of $29.20.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $0.48 dividend on an annualized basis and a yield of 1.95%. The Hackett Group's payout ratio is 56.47%.

Analyst Ratings Changes

HCKT has been the topic of a number of analyst reports. Wall Street Zen lowered shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. Barrington Research reduced their price target on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.

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.