The Hackett Group, Inc. $HCKT Stock Holdings Lifted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in The Hackett Group by 21.8%, owning approximately 249,033 shares worth $7.27 million by the end of the first quarter.
• Analysts have recently issued mixed ratings, with Wall Street Zen lowering the stock from a "buy" to a "hold," while others, like Barrington Research, decreased their target price from $32.00 to $27.00.
• The Hackett Group announced a quarterly dividend of $0.12, representing an annual yield of 2.3%, with a payout ratio currently at 80%.

Russell Investments Group Ltd. increased its position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 21.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,033 shares of the business services provider's stock after purchasing an additional 44,493 shares during the quarter. Russell Investments Group Ltd. owned 0.90% of The Hackett Group worth $7,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HCKT. Invesco Ltd. boosted its stake in shares of The Hackett Group by 6.4% in the fourth quarter. Invesco Ltd. now owns 50,414 shares of the business services provider's stock valued at $1,549,000 after purchasing an additional 3,043 shares during the period. Raymond James Financial Inc. bought a new position in The Hackett Group during the 4th quarter valued at $1,056,000. Jump Financial LLC bought a new position in The Hackett Group during the 4th quarter valued at $273,000. State of Tennessee Department of Treasury bought a new position in The Hackett Group during the 4th quarter valued at $513,000. Finally, Stifel Financial Corp boosted its stake in The Hackett Group by 3.5% during the 4th quarter. Stifel Financial Corp now owns 23,789 shares of the business services provider's stock valued at $731,000 after acquiring an additional 800 shares during the last quarter. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

The Hackett Group Stock Performance

Shares of The Hackett Group stock traded up $1.10 during trading hours on Friday, reaching $21.09. The company's stock had a trading volume of 284,781 shares, compared to its average volume of 363,632. The company's 50 day simple moving average is $23.29 and its 200 day simple moving average is $25.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71. The Hackett Group, Inc. has a one year low of $19.39 and a one year high of $34.02. The stock has a market cap of $580.19 million, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 1.45 and a beta of 0.96.

The Hackett Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, September 19th. The Hackett Group's dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barrington Research reduced their price objective on shares of The Hackett Group from $32.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Wall Street Zen downgraded shares of The Hackett Group from a "buy" rating to a "hold" rating in a research note on Monday, July 21st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $29.67.

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.