Longboard Asset Management LP Purchases New Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Longboard Asset Management LP bought a new position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,724 shares of the business services provider’s stock, valued at approximately $207,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC boosted its position in The Hackett Group by 5.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 93,896 shares of the business services provider’s stock worth $2,884,000 after purchasing an additional 5,089 shares during the period. SG Americas Securities LLC boosted its position in The Hackett Group by 21.0% during the fourth quarter. SG Americas Securities LLC now owns 14,777 shares of the business services provider’s stock worth $454,000 after purchasing an additional 2,563 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in The Hackett Group during the fourth quarter worth approximately $258,000. Harbor Capital Advisors Inc. lifted its holdings in shares of The Hackett Group by 1.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 255,183 shares of the business services provider’s stock worth $7,839,000 after buying an additional 3,694 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of The Hackett Group by 353.1% during the fourth quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock worth $29,000 after buying an additional 738 shares during the last quarter. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Performance

Shares of NASDAQ HCKT opened at $31.59 on Wednesday. The business has a fifty day simple moving average of $30.89 and a 200 day simple moving average of $28.02. 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 firm has a market capitalization of $871.57 million, a price-to-earnings ratio of 25.89, a PEG ratio of 1.54 and a beta of 0.99. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $32.83.

Analysts Set New Price Targets

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

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.