LSV Asset Management boosted its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 176.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,308 shares of the business services provider’s stock after acquiring an additional 421,604 shares during the quarter. LSV Asset Management’s holdings in The Hackett Group were worth $10,373,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rice Hall James & Associates LLC bought a new position in The Hackett Group in the 4th quarter valued at approximately $1,841,000. Wasatch Advisors Inc. lifted its position in The Hackett Group by 108.4% in the 4th quarter. Wasatch Advisors Inc. now owns 958,191 shares of the business services provider’s stock valued at $15,053,000 after acquiring an additional 498,305 shares in the last quarter. Thomson Horstmann & Bryant Inc. lifted its position in The Hackett Group by 4.0% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 425,281 shares of the business services provider’s stock valued at $6,681,000 after acquiring an additional 16,468 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its position in The Hackett Group by 91.6% in the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 238,500 shares of the business services provider’s stock valued at $3,623,000 after acquiring an additional 114,019 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in The Hackett Group by 104.6% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,700 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 3,426 shares in the last quarter. 79.27% of the stock is currently owned by institutional investors and hedge funds.

HCKT has been the topic of several analyst reports. Zacks Investment Research raised The Hackett Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Roth Capital raised The Hackett Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $20.00 in a research report on Thursday, November 9th. SunTrust Banks reaffirmed a “buy” rating and issued a $17.00 price objective on shares of The Hackett Group in a research report on Friday, November 10th. Finally, BidaskClub cut The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The Hackett Group currently has a consensus rating of “Hold” and an average price target of $18.33.

The Hackett Group, Inc. (HCKT) opened at $15.60 on Friday. The firm has a market capitalization of $447.03, a price-to-earnings ratio of 20.80, a PEG ratio of 1.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.68 and a current ratio of 1.68. The Hackett Group, Inc. has a twelve month low of $13.24 and a twelve month high of $20.69.

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The Hackett Group Profile

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

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Institutional Ownership by Quarter for The Hackett Group (NASDAQ:HCKT)

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