The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Man Group plc

Man Group plc lessened its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,854 shares of the business services provider’s stock after selling 6,189 shares during the period. Man Group plc owned approximately 0.35% of The Hackett Group worth $1,760,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HCKT. Quantamental Technologies LLC acquired a new stake in The Hackett Group in the second quarter valued at $30,000. Bank of Montreal Can increased its stake in The Hackett Group by 28.5% during the second quarter. Bank of Montreal Can now owns 6,455 shares of the business services provider’s stock worth $109,000 after acquiring an additional 1,430 shares during the last quarter. SG Americas Securities LLC acquired a new stake in The Hackett Group during the first quarter worth about $120,000. Aperio Group LLC acquired a new stake in The Hackett Group during the second quarter worth about $173,000. Finally, GSA Capital Partners LLP acquired a new stake in The Hackett Group during the second quarter worth about $208,000. 78.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ HCKT opened at $16.36 on Friday. The Hackett Group, Inc. has a fifty-two week low of $15.16 and a fifty-two week high of $22.84. The business has a 50 day moving average price of $16.41 and a two-hundred day moving average price of $16.29. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.07. The firm has a market cap of $482.78 million, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The Hackett Group had a return on equity of 21.63% and a net margin of 6.80%. The firm had revenue of $73.50 million during the quarter, compared to analyst estimates of $70.67 million. During the same quarter last year, the firm earned $0.27 EPS. The Hackett Group’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts anticipate that The Hackett Group, Inc. will post 0.87 earnings per share for the current year.

A number of research firms have recently issued reports on HCKT. Zacks Investment Research lowered The Hackett Group from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. BidaskClub upgraded The Hackett Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 19th. Finally, Barrington Research reiterated a “buy” rating and issued a $22.00 target price on shares of The Hackett Group in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.00.

The Hackett Group Company Profile

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a 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.

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

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