Squarepoint Ops LLC Makes New $521,000 Investment in The Hackett Group, Inc. (NASDAQ:HCKT)

Squarepoint Ops LLC acquired a new stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,964 shares of the business services provider's stock, valued at approximately $521,000. Squarepoint Ops LLC owned 0.06% of The Hackett Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of HCKT. JPMorgan Chase & Co. lifted its position in shares of The Hackett Group by 56.2% in the fourth quarter. JPMorgan Chase & Co. now owns 154,492 shares of the business services provider's stock valued at $4,746,000 after acquiring an additional 55,608 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in The Hackett Group by 22.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 218,294 shares of the business services provider's stock worth $6,706,000 after buying an additional 39,995 shares during the last quarter. Millennium Management LLC increased its position in shares of The Hackett Group by 269.6% during the fourth quarter. Millennium Management LLC now owns 53,689 shares of the business services provider's stock worth $1,649,000 after purchasing an additional 39,163 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in The Hackett Group in the 4th quarter valued at about $1,131,000. Finally, Raymond James Financial Inc. acquired a new position in The Hackett Group in the 4th quarter valued at about $1,056,000. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Price Performance

The Hackett Group stock traded up $0.45 during mid-day trading on Friday, hitting $25.00. The company's stock had a trading volume of 106,190 shares, compared to its average volume of 122,031. The Hackett Group, Inc. has a twelve month low of $21.12 and a twelve month high of $34.02. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $691.38 million, a P/E ratio of 23.59, a P/E/G ratio of 1.53 and a beta of 0.95. The stock's fifty day moving average price is $25.66 and its two-hundred day moving average price is $28.82.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.48 dividend on an annualized basis and a yield of 1.92%. The Hackett Group's payout ratio is currently 56.47%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HCKT. Wall Street Zen lowered The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 24th. Barrington Research lowered their target price on The Hackett Group from $36.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.