Values First Advisors Inc. Cuts Stock Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Values First Advisors Inc. decreased its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 3.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 80,015 shares of the business services provider’s stock after selling 2,513 shares during the period. The Hackett Group accounts for about 1.4% of Values First Advisors Inc.’s portfolio, making the stock its 12th largest position. Values First Advisors Inc. owned 0.29% of The Hackett Group worth $2,458,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in The Hackett Group by 353.1% during the 4th quarter. Versant Capital Management Inc now owns 947 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 738 shares during the period. Financial Management Professionals Inc. purchased a new position in shares of The Hackett Group in the 3rd quarter worth approximately $54,000. Quantbot Technologies LP grew its position in shares of The Hackett Group by 383.4% in the 3rd quarter. Quantbot Technologies LP now owns 2,741 shares of the business services provider’s stock worth $72,000 after buying an additional 2,174 shares during the last quarter. CWM LLC grew its position in shares of The Hackett Group by 8.4% in the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider’s stock worth $133,000 after buying an additional 394 shares during the last quarter. Finally, Longboard Asset Management LP purchased a new position in shares of The Hackett Group in the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 78.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HCKT has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of The Hackett Group in a research report on Tuesday, November 5th. Craig Hallum lifted their price objective on shares of The Hackett Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Roth Mkm lifted their price objective on shares of The Hackett Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research 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 target price of $30.00.

The Hackett Group Stock Up 0.7 %

HCKT stock opened at $32.09 on Wednesday. The firm has a 50 day moving average of $30.92 and a 200 day moving average of $28.28. The stock has a market capitalization of $885.36 million, a PE ratio of 26.30, a price-to-earnings-growth ratio of 1.60 and a beta of 0.99. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $32.83.

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.