New York Life Investment Management LLC boosted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT – Free Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,000 shares of the business services provider’s stock after buying an additional 1,399 shares during the quarter. New York Life Investment Management LLC owned approximately 0.10% of The Hackett Group worth $480,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of HCKT. Dorsey Wright & Associates acquired a new position in The Hackett Group in the fourth quarter valued at $27,000. Belpointe Asset Management LLC acquired a new position in The Hackett Group in the fourth quarter valued at $54,000. Point72 Middle East FZE acquired a new position in The Hackett Group in the fourth quarter valued at $65,000. AXS Investments LLC acquired a new position in The Hackett Group in the fourth quarter valued at $66,000. Finally, Advisor Group Holdings Inc. boosted its stake in The Hackett Group by 22.4% in the first quarter. Advisor Group Holdings Inc. now owns 4,310 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 790 shares in the last quarter. Hedge funds and other institutional investors own 80.68% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Barrington Research upped their price objective on shares of The Hackett Group from $24.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. StockNews.com assumed coverage on shares of The Hackett Group in a research note on Thursday, May 18th. They issued a “buy” rating for the company.
The Hackett Group Price Performance
Shares of HCKT opened at $24.65 on Wednesday. The Hackett Group, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $24.82. The company has a market capitalization of $670.97 million, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The firm has a 50-day simple moving average of $22.37 and a 200-day simple moving average of $20.40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.64 and a current ratio of 1.64.
The Hackett Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, September 21st. This represents a $0.44 annualized dividend and a dividend yield of 1.78%. The Hackett Group’s dividend payout ratio (DPR) is 35.20%.
The Hackett Group Company Profile
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions. It offers Hackett Connect, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice research that provides insights into the proven approaches; and peer interaction comprising member-led webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content, as well as intellectual property as-a-service and Hackett Institute programs.
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