Exchange Traded Concepts LLC Has $302,000 Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Exchange Traded Concepts LLC decreased its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 26.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,477 shares of the business services provider’s stock after selling 4,212 shares during the quarter. Exchange Traded Concepts LLC’s holdings in The Hackett Group were worth $302,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HCKT. Harbor Capital Advisors Inc. increased its holdings in shares of The Hackett Group by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 100,527 shares of the business services provider’s stock worth $2,183,000 after buying an additional 73,605 shares in the last quarter. Values First Advisors Inc. acquired a new stake in The Hackett Group during the 2nd quarter valued at $1,799,000. BOKF NA bought a new position in The Hackett Group in the 1st quarter valued at $305,000. Pacific Ridge Capital Partners LLC acquired a new position in The Hackett Group in the second quarter worth $656,000. Finally, Greenwood Capital Associates LLC grew its holdings in shares of The Hackett Group by 12.5% during the first quarter. Greenwood Capital Associates LLC now owns 19,905 shares of the business services provider’s stock worth $484,000 after purchasing an additional 2,206 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HCKT shares. Barrington Research reaffirmed an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a report on Wednesday, September 25th. Roth Capital downgraded 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 Trading Down 2.0 %

HCKT stock opened at $25.67 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $27.68. The company has a market cap of $708.85 million, a P/E ratio of 20.37, a PEG ratio of 1.42 and a beta of 0.91. The business has a fifty day moving average of $25.85 and a 200-day moving average of $23.82.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $75.90 million during the quarter, compared to analysts’ expectations of $74.16 million. The Hackett Group had a return on equity of 38.20% and a net margin of 11.46%. As a group, equities research analysts expect that The Hackett Group, Inc. will post 1.28 EPS for the current year.

The Hackett Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid 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 yield of 1.71%. The Hackett Group’s payout ratio is presently 34.92%.

About The Hackett Group

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.