Sanctuary Advisors LLC Purchases New Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Sanctuary Advisors LLC purchased a new stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 20,719 shares of the business services provider’s stock, valued at approximately $455,000. Sanctuary Advisors LLC owned about 0.08% of The Hackett Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Isthmus Partners LLC boosted its position in The Hackett Group by 1.1% during the 2nd quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock worth $36,000 after buying an additional 1,763 shares during the period. CWM LLC boosted its position in The Hackett Group by 78.4% during the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after buying an additional 2,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Hackett Group by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after buying an additional 1,283 shares during the period. The Manufacturers Life Insurance Company boosted its position in The Hackett Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider’s stock worth $223,000 after buying an additional 851 shares during the period. Finally, BOKF NA acquired a new stake in The Hackett Group during the 1st quarter worth approximately $305,000. 78.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and set a $28.00 target price on shares of The Hackett Group in a research report on Wednesday, September 25th.

The Hackett Group Stock Up 1.8 %

Shares of NASDAQ HCKT opened at $26.14 on Thursday. The company has a market capitalization of $721.83 million, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.42 and a beta of 0.91. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $27.68. 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 company’s 50 day moving average price is $25.83 and its 200-day moving average price is $23.79.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $75.90 million for the quarter, compared to the consensus estimate of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. Equities analysts forecast that The Hackett Group, Inc. will post 1.28 earnings per share for the current year.

The Hackett Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.68%. The Hackett Group’s dividend payout ratio (DPR) is currently 34.92%.

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.