Teacher Retirement System of Texas Decreases Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Teacher Retirement System of Texas lessened its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,020 shares of the business services provider's stock after selling 17,193 shares during the period. Teacher Retirement System of Texas owned 0.52% of The Hackett Group worth $4,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HCKT. JPMorgan Chase & Co. grew its position in shares of The Hackett Group by 56.2% in the 4th quarter. JPMorgan Chase & Co. now owns 154,492 shares of the business services provider's stock worth $4,746,000 after buying an additional 55,608 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in 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 worth $6,706,000 after purchasing 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 purchased a new stake in shares of The Hackett Group during the 4th quarter valued at $1,131,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of The Hackett Group in the 4th quarter worth $1,056,000. 78.12% of the stock is currently owned by institutional investors.

The Hackett Group Stock Performance

Shares of HCKT stock opened at $25.44 on Tuesday. The business has a fifty day moving average of $25.02 and a 200 day moving average of $27.80. The Hackett Group, Inc. has a 1 year low of $21.13 and a 1 year high of $34.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a market capitalization of $703.67 million, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 1.50 and a beta of 0.95.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Friday, June 20th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, June 20th. The Hackett Group's dividend payout ratio (DPR) is 56.47%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen lowered The Hackett Group from a "buy" rating to a "hold" rating in a research report on Saturday. Barrington Research cut their price objective on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, The Hackett Group presently has an average rating of "Moderate Buy" and a consensus price target of $31.33.

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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