Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT – Get Rating) by 47.9% during the second quarter, Holdings Channel reports. The firm owned 70,900 shares of the business services provider’s stock after selling 65,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in The Hackett Group were worth $1,345,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in HCKT. Royce & Associates LP lifted its stake in The Hackett Group by 90.3% during the first quarter. Royce & Associates LP now owns 1,096,008 shares of the business services provider’s stock worth $25,274,000 after purchasing an additional 520,069 shares in the last quarter. Acadian Asset Management LLC lifted its stake in The Hackett Group by 24.1% during the first quarter. Acadian Asset Management LLC now owns 640,442 shares of the business services provider’s stock worth $14,762,000 after purchasing an additional 124,193 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in The Hackett Group by 149.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 162,902 shares of the business services provider’s stock worth $3,757,000 after purchasing an additional 97,633 shares in the last quarter. Trigran Investments Inc. lifted its stake in The Hackett Group by 3.3% during the first quarter. Trigran Investments Inc. now owns 2,758,521 shares of the business services provider’s stock worth $63,612,000 after purchasing an additional 89,329 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in The Hackett Group by 26.3% during the first quarter. Prudential Financial Inc. now owns 288,375 shares of the business services provider’s stock worth $6,650,000 after purchasing an additional 60,000 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on The Hackett Group in a research note on Wednesday, October 12th. They set a “strong-buy” rating on the stock.
The Hackett Group Trading Up 0.8 %
The Hackett Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 23rd will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, December 22nd. The Hackett Group’s dividend payout ratio (DPR) is presently 29.93%.
About The Hackett Group
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and internationally. It offers best practice intelligence center, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice research that provides insights into the proven approaches; and peer interaction comprising member-led webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content, as well as intellectual property as-a-service and Hackett Institute programs.
- Get a free copy of the StockNews.com research report on The Hackett Group (HCKT)
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