The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,667 shares of the business services provider's stock after selling 10,751 shares during the period. Two Sigma Investments LP owned approximately 0.36% of The Hackett Group worth $3,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC increased its holdings in The Hackett Group by 21.0% in the 4th quarter. SG Americas Securities LLC now owns 14,777 shares of the business services provider's stock valued at $454,000 after purchasing an additional 2,563 shares in the last quarter. Longboard Asset Management LP acquired a new stake in The Hackett Group in the 4th quarter valued at $207,000. Allspring Global Investments Holdings LLC increased its holdings in The Hackett Group by 11.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 33,349 shares of the business services provider's stock valued at $1,010,000 after purchasing an additional 3,497 shares in the last quarter. Legato Capital Management LLC boosted its position in The Hackett Group by 4.3% in the 4th quarter. Legato Capital Management LLC now owns 56,629 shares of the business services provider's stock valued at $1,740,000 after buying an additional 2,337 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of The Hackett Group by 38.9% during the fourth quarter. Rhumbline Advisers now owns 53,049 shares of the business services provider's stock valued at $1,630,000 after acquiring an additional 14,863 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Stock Performance

Shares of NASDAQ:HCKT traded down $0.03 during trading hours on Wednesday, hitting $24.53. The stock had a trading volume of 89,792 shares, compared to its average volume of 121,541. The stock's fifty day simple moving average is $25.83 and its 200 day simple moving average is $28.91. The Hackett Group, Inc. has a 1-year low of $21.12 and a 1-year high of $34.02. The firm has a market capitalization of $678.38 million, a price-to-earnings ratio of 23.14, a PEG ratio of 1.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51.

The Hackett Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Friday, June 20th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 20th. This represents a $0.48 annualized dividend and a dividend yield of 1.96%. The Hackett Group's payout ratio is currently 56.47%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barrington Research lowered their target price 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. Wall Street Zen downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.

The Hackett Group Company 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.