GSA Capital Partners LLP Has $558,000 Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

GSA Capital Partners LLP trimmed its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 4.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,241 shares of the business services provider’s stock after selling 929 shares during the quarter. GSA Capital Partners LLP owned approximately 0.08% of The Hackett Group worth $558,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HCKT. Isthmus Partners LLC increased its position in The Hackett Group by 1.1% during the 2nd quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock worth $36,000 after purchasing an additional 1,763 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in The Hackett Group during the 3rd quarter worth approximately $54,000. CWM LLC grew its holdings in The Hackett Group by 78.4% during the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after acquiring an additional 2,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in The Hackett Group by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after acquiring an additional 1,283 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in The Hackett Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after acquiring an additional 851 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Stock Performance

HCKT opened at $30.39 on Wednesday. The company’s fifty day moving average price is $26.56 and its two-hundred day moving average price is $24.56. The company has a market cap of $838.46 million, a price-to-earnings ratio of 24.91, a PEG ratio of 1.65 and a beta of 0.91. 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 Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $32.34.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders 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 1.45%. The Hackett Group’s dividend payout ratio is presently 36.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Craig Hallum boosted their target price on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a report on Tuesday, November 5th. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Roth Mkm upped their price objective 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.00.

About The Hackett Group

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.