Two Sigma Advisers LP Purchases 18,000 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Two Sigma Advisers LP boosted its stake in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,300 shares of the business services provider's stock after acquiring an additional 18,000 shares during the period. Two Sigma Advisers LP owned 0.34% of The Hackett Group worth $2,866,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. State of Wyoming raised its position in The Hackett Group by 3.9% in the fourth quarter. State of Wyoming now owns 19,821 shares of the business services provider's stock worth $609,000 after acquiring an additional 747 shares during the period. ProShare Advisors LLC bought a new stake in The Hackett Group in the fourth quarter worth about $219,000. Millennium Management LLC raised its position in The Hackett Group by 269.6% in the fourth quarter. Millennium Management LLC now owns 53,689 shares of the business services provider's stock worth $1,649,000 after acquiring an additional 39,163 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in The Hackett Group by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,393 shares of the business services provider's stock worth $442,000 after acquiring an additional 503 shares during the period. Finally, Lazard Asset Management LLC raised its position in The Hackett Group by 981.7% in the fourth quarter. Lazard Asset Management LLC now owns 23,721 shares of the business services provider's stock worth $727,000 after acquiring an additional 21,528 shares during the period. Institutional investors own 78.12% of the company's stock.

The Hackett Group Stock Performance

Shares of NASDAQ HCKT traded down $0.08 during midday trading on Friday, hitting $24.61. The company's stock had a trading volume of 211,060 shares, compared to its average volume of 121,208. The stock has a fifty day moving average price of $26.12 and a 200 day moving average price of $29.04. The Hackett Group, Inc. has a one year low of $21.12 and a one year high of $34.02. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $680.59 million, a price-to-earnings ratio of 23.22, a P/E/G ratio of 1.53 and a beta of 0.96.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Friday, June 20th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, June 20th. The Hackett Group's dividend payout ratio (DPR) is currently 56.47%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen lowered shares of The Hackett Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 24th. Barrington Research lowered their price target 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 given a buy rating to the stock. According to MarketBeat.com, The Hackett Group currently has an average rating of "Moderate Buy" and a consensus price target 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.