The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. cut its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 31.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,325 shares of the business services provider's stock after selling 48,861 shares during the quarter. North Star Investment Management Corp. owned approximately 0.39% of The Hackett Group worth $3,165,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of The Hackett Group by 48.9% in the first quarter. Versant Capital Management Inc now owns 1,410 shares of the business services provider's stock worth $41,000 after acquiring an additional 463 shares during the last quarter. Quantbot Technologies LP raised its position in shares of The Hackett Group by 52.5% in the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock valued at $128,000 after buying an additional 1,439 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of The Hackett Group in the fourth quarter worth about $219,000. Arizona State Retirement System acquired a new position in The Hackett Group during the fourth quarter worth about $221,000. Finally, Principal Financial Group Inc. acquired a new stake in The Hackett Group in the 4th quarter valued at about $248,000. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on HCKT shares. Barrington Research reduced their price objective 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. 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.

The Hackett Group Trading Down 1.7%

Shares of The Hackett Group stock traded down $0.40 during trading hours on Wednesday, hitting $23.68. The company's stock had a trading volume of 175,230 shares, compared to its average volume of 125,183. The firm has a fifty day moving average of $25.30 and a 200-day moving average of $28.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.59 and a current ratio of 1.59. The Hackett Group, Inc. has a twelve month low of $21.12 and a twelve month high of $34.02. The stock has a market cap of $654.99 million, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.43 and a beta of 0.95.

The Hackett Group Announces Dividend

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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, June 20th. The Hackett Group's dividend payout ratio (DPR) is 56.47%.

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.