UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,615 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,590 shares of the business services provider’s stock after selling 5,615 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of The Hackett Group worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in shares of The Hackett Group by 8.4% during the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock valued at $133,000 after buying an additional 394 shares during the last quarter. Rhumbline Advisers raised its position in shares of The Hackett Group by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider’s stock valued at $846,000 after buying an additional 608 shares during the period. Mackenzie Financial Corp grew its holdings in shares of The Hackett Group by 5.2% during the 2nd quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock worth $327,000 after purchasing an additional 748 shares during the period. The Manufacturers Life Insurance Company increased its holdings in The Hackett Group by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 851 shares during the last quarter. Finally, Sei Investments Co. increased its stake in The Hackett Group by 1.7% during the 2nd quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock worth $1,218,000 after buying an additional 941 shares during the period. 78.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HCKT has been the topic of several recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $28.00 target price on shares of The Hackett Group in a report on Tuesday, November 5th. Roth Mkm upped their price objective on The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Craig Hallum raised their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Stock Up 0.5 %

Shares of NASDAQ HCKT opened at $32.11 on Tuesday. The stock has a market capitalization of $886.01 million, a PE ratio of 26.32, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $28.71 and a 200-day moving average of $25.88. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $32.83.

The Hackett Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a yield of 1.37%. The Hackett Group’s dividend payout ratio (DPR) is 36.07%.

The Hackett Group Company 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.