The Hackett Group, Inc. (NASDAQ:HCKT) Holdings Trimmed by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC decreased its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,500 shares of the business services provider’s stock after selling 2,667 shares during the quarter. Greenwood Capital Associates LLC owned approximately 0.06% of The Hackett Group worth $476,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HCKT. Squarepoint Ops LLC boosted its position in 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 purchasing an additional 10,428 shares during the period. Millennium Management LLC raised its holdings in The Hackett Group by 293.2% in the 2nd quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock valued at $4,878,000 after acquiring an additional 167,453 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in The Hackett Group by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after purchasing an additional 851 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of The Hackett Group during the 2nd quarter valued at about $455,000. Finally, SG Americas Securities LLC bought a new stake in The Hackett Group in the third quarter valued at about $321,000. 78.12% of the stock is currently owned by hedge funds and other institutional investors.

The Hackett Group Stock Performance

NASDAQ:HCKT opened at $31.59 on Wednesday. The stock has a market capitalization of $871.57 million, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.54 and a beta of 0.99. 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 $32.83. The firm has a 50 day moving average of $30.89 and a 200-day moving average of $28.02.

Analyst Ratings Changes

A number of brokerages have commented on HCKT. Roth Mkm raised their price target 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. Barrington Research restated an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research 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 company a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.