Royce & Associates LP Boosts Holdings in The Hackett Group, Inc. $HCKT

Royce & Associates LP lifted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 44.1% in the third quarter, HoldingsChannel reports. The firm owned 2,581,331 shares of the business services provider’s stock after buying an additional 790,522 shares during the quarter. Royce & Associates LP owned approximately 0.10% of The Hackett Group worth $49,071,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in The Hackett Group by 1.5% in the second quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock worth $1,004,000 after acquiring an additional 581 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of The Hackett Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the business services provider’s stock valued at $439,000 after purchasing an additional 614 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of The Hackett Group by 7.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,773 shares of the business services provider’s stock worth $248,000 after purchasing an additional 707 shares during the last quarter. Copeland Capital Management LLC grew its stake in shares of The Hackett Group by 28.3% during the third quarter. Copeland Capital Management LLC now owns 3,299 shares of the business services provider’s stock worth $63,000 after purchasing an additional 727 shares in the last quarter. Finally, MAI Capital Management increased its holdings in The Hackett Group by 98.4% in the third quarter. MAI Capital Management now owns 1,730 shares of the business services provider’s stock valued at $33,000 after buying an additional 858 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HCKT. Zacks Research lowered The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Roth Mkm set a $24.00 price objective on shares of The Hackett Group in a report on Wednesday, February 18th. Barrington Research lowered their target price on shares of The Hackett Group from $27.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Finally, Weiss Ratings upgraded shares of The Hackett Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.50.

The Hackett Group Price Performance

Shares of NASDAQ HCKT opened at $13.66 on Friday. The stock has a fifty day moving average price of $17.81 and a 200 day moving average price of $18.86. The Hackett Group, Inc. has a 1-year low of $12.76 and a 1-year high of $30.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $370.60 million, a PE ratio of 29.06, a P/E/G ratio of 0.90 and a beta of 1.03.

The Hackett Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 20th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, March 20th. The Hackett Group’s dividend payout ratio (DPR) is currently 102.13%.

The Hackett Group Company Profile

The Hackett Group is a global strategic advisory firm specializing in business transformation, benchmarking and research. Leveraging a proprietary data repository and the Hackett Methodology®, the company helps organizations optimize performance across enterprise functions. Its advisory services span digital transformation, process optimization and operational excellence, enabling clients to identify best practices, streamline workflows and achieve sustainable cost savings.

Through detailed benchmarking studies and industry research, The Hackett Group delivers actionable insights into finance, procurement, human resources, information technology and supply chain management.