The Hackett Group, Inc. (NASDAQ:HCKT) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 2,890.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,483 shares of the business services provider's stock after acquiring an additional 11,099 shares during the period. GAMMA Investing LLC's holdings in The Hackett Group were worth $3,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of 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 valued at $41,000 after acquiring an additional 463 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 acquiring an additional 503 shares during the period. Swiss National Bank increased its position in shares of 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 valued at $1,505,000 after acquiring an additional 700 shares during the period. State of Wyoming increased its position 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 acquiring an additional 747 shares during the period. Finally, Stifel Financial Corp increased its position 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 acquiring an additional 800 shares during the period. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Trading Down 2.4%

Shares of HCKT stock traded down $0.60 during trading on Friday, hitting $24.10. 229,281 shares of the stock traded hands, compared to its average volume of 123,844. The firm has a market capitalization of $666.49 million, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.51. The firm's fifty day moving average price is $25.39 and its 200-day moving average price is $28.59. The Hackett Group, Inc. has a 52-week low of $21.12 and a 52-week high of $34.02.

The Hackett Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Friday, June 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, June 20th. The Hackett Group's payout ratio is 56.47%.

Analysts Set New Price Targets

HCKT has been the topic of several research reports. Wall Street Zen downgraded The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 24th. Barrington Research cut their price target on 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.