Aristides Capital LLC Decreases Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Aristides Capital LLC reduced its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 141,337 shares of the business services provider’s stock after selling 3,532 shares during the quarter. The Hackett Group accounts for approximately 0.8% of Aristides Capital LLC’s holdings, making the stock its 15th largest holding. Aristides Capital LLC owned about 0.51% of The Hackett Group worth $3,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC purchased a new stake in The Hackett Group during the 2nd quarter worth $656,000. Mackenzie Financial Corp increased its position in shares of The Hackett Group by 5.2% during the second quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider’s stock worth $327,000 after acquiring an additional 748 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of The Hackett Group by 9.0% in the second quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after acquiring an additional 851 shares in the last quarter. Millennium Management LLC boosted its holdings in The Hackett Group by 293.2% in the second quarter. Millennium Management LLC now owns 224,567 shares of the business services provider’s stock valued at $4,878,000 after purchasing an additional 167,453 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in The Hackett Group by 97.2% during the 2nd quarter. Squarepoint Ops LLC now owns 21,161 shares of the business services provider’s stock valued at $460,000 after purchasing an additional 10,428 shares in the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.

The Hackett Group Stock Up 1.2 %

NASDAQ:HCKT opened at $26.27 on Tuesday. The stock has a 50-day simple moving average of $25.84 and a 200 day simple moving average of $23.65. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $27.68. The company has a market capitalization of $725.42 million, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The business had revenue of $75.90 million during the quarter, compared to the consensus estimate of $74.16 million. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. Sell-side analysts predict that The Hackett Group, Inc. will post 1.28 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. The Hackett Group’s payout ratio is currently 34.92%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 target price on shares of The Hackett Group in a research report on Wednesday, September 25th. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

The Hackett Group 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.