Two Sigma Investments LP Has $3.03 Million Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Two Sigma Investments LP trimmed its holdings in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,667 shares of the business services provider's stock after selling 10,751 shares during the quarter. Two Sigma Investments LP owned approximately 0.36% of The Hackett Group worth $3,031,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HCKT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 acquiring an additional 503 shares during the last quarter. Swiss National Bank lifted its stake in The Hackett Group by 1.4% in the 4th quarter. Swiss National Bank now owns 48,992 shares of the business services provider's stock worth $1,505,000 after purchasing an additional 700 shares in the last quarter. State of Wyoming grew its stake in shares of The Hackett Group by 3.9% in the 4th quarter. State of Wyoming now owns 19,821 shares of the business services provider's stock valued at $609,000 after buying an additional 747 shares during the period. Stifel Financial Corp lifted its stake in shares of The Hackett Group by 3.5% in the 4th quarter. Stifel Financial Corp now owns 23,789 shares of the business services provider's stock valued at $731,000 after purchasing an additional 800 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in The Hackett Group by 0.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 232,844 shares of the business services provider's stock valued at $7,153,000 after purchasing an additional 952 shares during the last quarter. Hedge funds and other institutional investors own 78.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HCKT. Wall Street Zen cut shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 24th. Barrington Research lowered their target price on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

The Hackett Group Trading Down 0.4%

Shares of NASDAQ HCKT traded down $0.10 during trading on Wednesday, hitting $24.47. 9,412 shares of the company traded hands, compared to its average volume of 121,106. The firm has a market capitalization of $676.58 million, a P/E ratio of 23.08, a P/E/G ratio of 1.53 and a beta of 0.96. The Hackett Group, Inc. has a 1 year low of $21.12 and a 1 year 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 company has a 50-day moving average price of $25.93 and a 200-day moving average price of $28.94.

The Hackett Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.48 annualized dividend and a yield of 1.96%. The Hackett Group's dividend payout ratio 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.