Weber Capital Management LLC ADV bought a new position in The Hackett Group, Inc. (NASDAQ:HCKT – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 225,663 shares of the business services provider’s stock, valued at approximately $2,430,391,000. The Hackett Group makes up about 2.1% of Weber Capital Management LLC ADV’s portfolio, making the stock its 9th largest holding. Weber Capital Management LLC ADV owned 0.91% of The Hackett Group at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in The Hackett Group by 253.5% during the 1st quarter. Royal Bank of Canada now owns 32,776 shares of the business services provider’s stock worth $957,000 after purchasing an additional 23,503 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $439,000 after buying an additional 614 shares during the period. Jane Street Group LLC purchased a new stake in shares of The Hackett Group in the 1st quarter worth $1,379,000. Rhumbline Advisers grew its position in shares of The Hackett Group by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 39,506 shares of the business services provider’s stock worth $1,004,000 after buying an additional 581 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of The Hackett Group by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 64,276 shares of the business services provider’s stock worth $1,634,000 after buying an additional 4,399 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.
The Hackett Group Price Performance
Shares of NASDAQ HCKT opened at $11.08 on Monday. The Hackett Group, Inc. has a fifty-two week low of $9.15 and a fifty-two week high of $21.33. The company has a market cap of $275.67 million, a PE ratio of 17.05, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.94 and a current ratio of 1.94. The business has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $12.06.
The Hackett Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 18th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 18th. The Hackett Group’s dividend payout ratio is presently 73.85%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on HCKT shares. Zacks Research downgraded shares of The Hackett Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Wall Street Zen cut The Hackett Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of The Hackett Group in a report on Monday, July 6th. Barrington Research reduced their target price on shares of The Hackett Group from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Finally, Roth Capital set a $17.00 price objective on shares of The Hackett Group in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $16.50.
View Our Latest Stock Report on The Hackett Group
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.
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