The Hackett Group, Inc. $HCKT Shares Acquired 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. grew its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,033 shares of the business services provider's stock after purchasing an additional 44,493 shares during the period. Russell Investments Group Ltd. owned approximately 0.90% of The Hackett Group worth $7,277,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in The Hackett Group by 23.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 41,234 shares of the business services provider's stock valued at $1,204,000 after buying an additional 7,885 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of The Hackett Group by 0.7% during the first quarter. Envestnet Asset Management Inc. now owns 234,470 shares of the business services provider's stock worth $6,851,000 after acquiring an additional 1,626 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of The Hackett Group by 128.7% during the first quarter. Victory Capital Management Inc. now owns 28,487 shares of the business services provider's stock worth $832,000 after acquiring an additional 16,030 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of The Hackett Group by 18.9% during the fourth quarter. Ameriprise Financial Inc. now owns 18,872 shares of the business services provider's stock valued at $580,000 after acquiring an additional 3,004 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of The Hackett Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,393 shares of the business services provider's stock valued at $442,000 after purchasing an additional 503 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company's stock.

The Hackett Group Stock Performance

Shares of HCKT stock traded down $0.20 on Monday, hitting $20.89. The company had a trading volume of 242,339 shares, compared to its average volume of 372,683. The Hackett Group, Inc. has a twelve month low of $19.39 and a twelve month high of $34.02. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.19. The firm has a market cap of $574.68 million, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 1.45 and a beta of 0.96. The company has a 50-day moving average price of $23.22 and a 200-day moving average price of $25.83.

The Hackett Group Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on HCKT. Barrington Research dropped their target price on shares of The Hackett Group from $32.00 to $27.00 and set an "outperform" rating on the stock in a research report 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, The Hackett Group has a consensus rating of "Buy" and a consensus price target 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.