Aptus Capital Advisors LLC Buys 24,106 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Aptus Capital Advisors LLC increased its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 15.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 178,299 shares of the business services provider’s stock after purchasing an additional 24,106 shares during the quarter. Aptus Capital Advisors LLC’s holdings in The Hackett Group were worth $4,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. raised its holdings in The Hackett Group by 150.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 251,489 shares of the business services provider’s stock worth $6,607,000 after purchasing an additional 150,962 shares during the period. Farther Finance Advisors LLC raised its holdings in The Hackett Group by 6,302.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 16,518 shares of the business services provider’s stock worth $434,000 after purchasing an additional 16,260 shares during the period. Pinnacle Associates Ltd. raised its holdings in The Hackett Group by 47.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 136,674 shares of the business services provider’s stock worth $3,590,000 after purchasing an additional 43,775 shares during the period. Financial Management Professionals Inc. bought a new position in The Hackett Group in the 3rd quarter worth $54,000. Finally, CWC Advisors LLC. bought a new position in The Hackett Group in the 3rd quarter worth $328,000. 78.12% of the stock is owned by institutional investors.

The Hackett Group Trading Up 1.3 %

Shares of HCKT stock opened at $32.02 on Wednesday. The Hackett Group, Inc. has a 12-month low of $20.23 and a 12-month high of $32.09. The company has a current ratio of 1.51, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $26.03 and its 200-day moving average price is $24.25. The stock has a market capitalization of $883.53 million, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.73 and a beta of 0.91.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.11 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.37%. The Hackett Group’s dividend payout ratio (DPR) is 36.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Roth Mkm increased their price target on The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Roth Capital lowered The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a research note on Tuesday, November 5th. Finally, Craig Hallum increased their price target on 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.