Hennion & Walsh Asset Management Inc. Invests $258,000 in The Hackett Group, Inc. (NASDAQ:HCKT)

Hennion & Walsh Asset Management Inc. purchased a new stake in The Hackett Group, Inc. (NASDAQ:HCKT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,399 shares of the business services provider’s stock, valued at approximately $258,000.

Other hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in shares of The Hackett Group by 1.6% in the second quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider’s stock valued at $846,000 after purchasing an additional 608 shares during the last quarter. American Century Companies Inc. grew its stake in The Hackett Group by 13.3% in the 2nd quarter. American Century Companies Inc. now owns 40,824 shares of the business services provider’s stock valued at $887,000 after buying an additional 4,779 shares during the last quarter. Sei Investments Co. raised its holdings in The Hackett Group by 1.7% in the 2nd quarter. Sei Investments Co. now owns 56,083 shares of the business services provider’s stock valued at $1,218,000 after acquiring an additional 941 shares during the period. Magnetar Financial LLC acquired a new stake in The Hackett Group during the second quarter worth approximately $350,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of The Hackett Group by 97.2% during the second quarter. Squarepoint Ops LLC now owns 21,161 shares of the business services provider’s stock worth $460,000 after acquiring an additional 10,428 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Price Performance

Shares of NASDAQ:HCKT opened at $30.38 on Wednesday. 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 stock has a market capitalization of $838.18 million, a PE ratio of 24.90, a PEG ratio of 1.51 and a beta of 0.99. The firm has a 50 day moving average of $30.91 and a 200-day moving average of $27.44. The Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $32.83.

The Hackett Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, December 20th. The Hackett Group’s payout ratio is presently 36.07%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HCKT. Barrington Research reiterated an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research note on Tuesday, November 5th. Craig Hallum lifted their target price on The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Roth Mkm upped their price target on shares of The Hackett Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Hackett Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.