The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its holdings in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 10.7% during the 1st quarter, according to its most recent filing 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 about 0.52% of The Hackett Group worth $4,208,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HCKT. Versant Capital Management Inc boosted its position in The Hackett Group by 48.9% in the 1st quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after purchasing an additional 463 shares in the last quarter. Quantbot Technologies LP boosted its position in The Hackett Group by 52.5% in the 4th quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock worth $128,000 after purchasing an additional 1,439 shares in the last quarter. ProShare Advisors LLC purchased a new stake in The Hackett Group in the 4th quarter worth approximately $219,000. Arizona State Retirement System purchased a new stake in The Hackett Group in the 4th quarter worth approximately $221,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in The Hackett Group in the 4th quarter worth approximately $266,000. Hedge funds and other institutional investors own 78.12% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HCKT. Wall Street Zen lowered The Hackett Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Barrington Research reduced their price objective 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

The Hackett Group Trading Down 2.5%

Shares of HCKT traded down $0.62 during midday trading on Friday, reaching $24.66. The company had a trading volume of 197,847 shares, compared to its average volume of 132,900. The Hackett Group, Inc. has a 1-year low of $21.44 and a 1-year high of $34.02. The stock has a market cap of $682.10 million, a PE ratio of 29.01, a price-to-earnings-growth ratio of 1.52 and a beta of 0.95. The firm has a 50 day simple moving average of $25.02 and a 200-day simple moving average of $27.74. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.16.

The Hackett Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Friday, June 20th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, June 20th. The Hackett Group's dividend payout ratio (DPR) is presently 56.47%.

The Hackett Group 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.