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

Rhumbline Advisers raised its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,946 shares of the business services provider’s stock after buying an additional 608 shares during the period. Rhumbline Advisers owned approximately 0.14% of The Hackett Group worth $846,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Aptus Capital Advisors LLC increased its stake in The Hackett Group by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 154,193 shares of the business services provider’s stock valued at $3,349,000 after buying an additional 30,631 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after purchasing an additional 1,283 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of The Hackett Group in the 2nd quarter worth approximately $609,000. Bank of New York Mellon Corp raised its holdings in shares of The Hackett Group by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 244,516 shares of the business services provider’s stock worth $5,311,000 after purchasing an additional 10,725 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of The Hackett Group in the 2nd quarter worth approximately $1,799,000. Institutional investors and hedge funds own 78.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $28.00 target price on shares of The Hackett Group in a report on Tuesday, September 17th. Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th.

The Hackett Group Stock Performance

The Hackett Group stock opened at $26.15 on Tuesday. The firm’s 50 day simple moving average is $25.69 and its 200-day simple moving average is $23.61. The company has a market cap of $722.11 million, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 1.71. The Hackett Group, Inc. has a fifty-two week low of $20.23 and a fifty-two week high of $27.68.

The Hackett Group (NASDAQ:HCKT) last released its earnings results 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 business 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%. As a group, equities research analysts predict that The Hackett Group, Inc. will post 1.28 EPS for the current year.

The Hackett Group Announces Dividend

The company also recently announced 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. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, September 20th. The Hackett Group’s dividend payout ratio (DPR) is currently 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.