Versant Capital Management Inc Buys 738 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Versant Capital Management Inc grew its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 353.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 947 shares of the business services provider’s stock after purchasing an additional 738 shares during the quarter. Versant Capital Management Inc’s holdings in The Hackett Group were worth $29,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HCKT. Millennium Management LLC increased its position in shares of The Hackett Group by 293.2% during the second quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock worth $4,878,000 after buying an additional 167,453 shares during the period. Harbor Capital Advisors Inc. grew its holdings in The Hackett Group by 150.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after acquiring an additional 150,962 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of The Hackett Group in the 3rd quarter worth about $3,256,000. Dean Investment Associates LLC lifted its stake in shares of The Hackett Group by 57.2% in the 3rd quarter. Dean Investment Associates LLC now owns 165,647 shares of the business services provider’s stock valued at $4,352,000 after purchasing an additional 60,307 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of The Hackett Group by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 98,884 shares of the business services provider’s stock valued at $2,598,000 after purchasing an additional 48,661 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

Analysts Set New Price Targets

HCKT has been the subject of a number of research analyst reports. 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. Barrington Research reiterated an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group in a research note on Tuesday, November 5th. Finally, Roth Mkm increased their target price on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

The Hackett Group Trading Down 2.4 %

Shares of The Hackett Group stock opened at $29.42 on Wednesday. The stock has a market capitalization of $811.79 million, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $32.83. The stock has a 50 day moving average price of $30.45 and a two-hundred day moving average price of $26.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.51 and a current ratio of 1.51.

The Hackett Group Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, December 20th. This represents a $0.44 dividend on an annualized basis and a yield of 1.50%. The Hackett Group’s dividend payout ratio (DPR) is presently 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.