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

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings 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 valued at $41,000 after acquiring an additional 463 shares in the last quarter. Quantbot Technologies LP boosted its holdings in The Hackett Group by 52.5% during the fourth quarter. Quantbot Technologies LP now owns 4,180 shares of the business services provider's stock worth $128,000 after buying an additional 1,439 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of The Hackett Group in the fourth quarter valued at approximately $219,000. Arizona State Retirement System acquired a new position in shares of The Hackett Group during the 4th quarter worth about $221,000. Finally, Principal Financial Group Inc. acquired a new position in shares of The Hackett Group during the 4th quarter worth about $248,000. Institutional investors own 78.12% of the company's stock.

The Hackett Group Price Performance

Shares of NASDAQ HCKT traded down $0.60 on Friday, hitting $24.10. The company's stock had a trading volume of 229,281 shares, compared to its average volume of 123,844. 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 company has a market capitalization of $666.49 million, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.53 and a beta of 0.95. The stock has a 50 day moving average of $25.39 and a 200-day moving average of $28.59. The Hackett Group, Inc. has a 12-month low of $21.12 and a 12-month high of $34.02.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, June 20th. The Hackett Group's dividend payout ratio is presently 56.47%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HCKT shares. Barrington Research lowered their price objective on shares of The Hackett Group from $36.00 to $32.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.33.

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.