The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 5.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,999 shares of the business services provider’s stock after selling 4,622 shares during the quarter. Rhumbline Advisers’ holdings in The Hackett Group were worth $1,442,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HCKT. First Trust Advisors LP grew its stake in shares of The Hackett Group by 3.3% during the 1st quarter. First Trust Advisors LP now owns 57,964 shares of the business services provider’s stock worth $916,000 after purchasing an additional 1,848 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of The Hackett Group by 7.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 187,825 shares of the business services provider’s stock worth $2,967,000 after purchasing an additional 12,318 shares during the period. Victory Capital Management Inc. grew its stake in shares of The Hackett Group by 435.2% during the 1st quarter. Victory Capital Management Inc. now owns 295,975 shares of the business services provider’s stock worth $4,851,000 after purchasing an additional 240,678 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of The Hackett Group by 27.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 81,791 shares of the business services provider’s stock worth $1,341,000 after purchasing an additional 17,493 shares during the period. Finally, IndexIQ Advisors LLC grew its stake in The Hackett Group by 50.4% in the 1st quarter. IndexIQ Advisors LLC now owns 24,760 shares of the business services provider’s stock valued at $406,000 after acquiring an additional 8,294 shares during the last quarter. 79.59% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, August 17th. Roth Capital increased their price objective on shares of The Hackett Group from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 12th.

NASDAQ:HCKT opened at $19.34 on Friday. The firm has a market cap of $576.58 million, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The Hackett Group, Inc. has a 12-month low of $11.05 and a 12-month high of $20.68. The company’s 50-day moving average is $18.82 and its two-hundred day moving average is $17.87.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, August 10th. The business services provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.15. The business had revenue of $73.00 million for the quarter, compared to analyst estimates of $65.49 million. The Hackett Group had a net margin of 8.18% and a return on equity of 17.44%. As a group, equities analysts predict that The Hackett Group, Inc. will post 1.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Stockholders of record on Friday, September 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.07%. The Hackett Group’s payout ratio is currently 95.24%.

The Hackett Group Profile

The Hackett Group, Inc engages in the provision of business and technology consulting services. The firm’s services include benchmarking, executive advisory, business transformation, enterprise performance management, training and advisory to global business services. It also produces digital transformation including robotic process automation and enterprise cloud application implementation.

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

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