Shares of The Hackett Group Inc. (NASDAQ:HCKT) traded down 4.8% on Friday . The company traded as low as $13.06 and last traded at $13.22, with a volume of 120,825 shares trading hands. The stock had previously closed at $13.89.

Separately, Zacks Investment Research cut The Hackett Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th.

The firm’s 50 day moving average price is $14.03 and its 200 day moving average price is $14.37. The company has a market cap of $384.37 million and a PE ratio of 29.11.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. The business earned $68.80 million during the quarter, compared to analyst estimates of $67.23 million. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts anticipate that The Hackett Group Inc. will post $0.87 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which was paid on Monday, July 11th. Stockholders of record on Thursday, June 30th were given a $0.13 dividend. The ex-dividend date was Tuesday, June 28th. This is a positive change from The Hackett Group’s previous semiannual dividend of $0.10. This represents a dividend yield of 1.77%.

Other hedge funds have added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. boosted its stake in The Hackett Group by 74.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 89,953 shares of the company’s stock worth $1,446,000 after buying an additional 38,453 shares during the last quarter. Systematic Financial Management LP acquired a new stake in The Hackett Group during the fourth quarter worth about $1,669,000. Finally, Wells Fargo & Company MN boosted its stake in The Hackett Group by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 729,234 shares of the company’s stock worth $11,718,000 after buying an additional 46,871 shares during the last quarter.

The Hackett Group, Inc is an advisory firm. The Company offers advisory, benchmarking, and transformation consulting services, including shared services, off shoring and outsourcing advice. Through its Archstone Consulting group (Archstone), the Company offers strategy and operations consulting services in the consumer and industrial products, pharmaceutical, manufacturing and financial services industry sectors.

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