New York State Common Retirement Fund lifted its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 30.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,500 shares of the business services provider’s stock after purchasing an additional 6,599 shares during the period. New York State Common Retirement Fund owned about 0.10% of The Hackett Group worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of The Hackett Group by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 1,618,720 shares of the business services provider’s stock valued at $31,549,000 after purchasing an additional 131,226 shares during the period. Hosking Partners LLP lifted its stake in shares of The Hackett Group by 1.7% in the 2nd quarter. Hosking Partners LLP now owns 1,128,030 shares of the business services provider’s stock valued at $17,484,000 after purchasing an additional 18,647 shares during the period. Trigran Investments Inc. lifted its stake in shares of The Hackett Group by 484.9% in the 2nd quarter. Trigran Investments Inc. now owns 641,337 shares of the business services provider’s stock valued at $9,940,000 after purchasing an additional 531,681 shares during the period. ClariVest Asset Management LLC lifted its stake in shares of The Hackett Group by 0.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 465,359 shares of the business services provider’s stock valued at $7,214,000 after purchasing an additional 2,044 shares during the period. Finally, Morgan Stanley lifted its stake in shares of The Hackett Group by 21.8% in the 1st quarter. Morgan Stanley now owns 450,669 shares of the business services provider’s stock valued at $8,783,000 after purchasing an additional 80,694 shares during the period. Hedge funds and other institutional investors own 76.42% of the company’s stock.

The Hackett Group, Inc. (NASDAQ:HCKT) opened at $15.40 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.22. The firm has a market cap of $437.30, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81. The Hackett Group, Inc. has a 12-month low of $13.24 and a 12-month high of $20.69.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The company had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $70.66 million. The Hackett Group had a net margin of 8.42% and a return on equity of 26.10%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. equities analysts predict that The Hackett Group, Inc. will post 0.8 EPS for the current fiscal year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a dividend of $0.15 per share. This represents a yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 21st. The Hackett Group’s dividend payout ratio is presently 40.00%.

The Hackett Group declared that its board has authorized a share buyback program on Tuesday, August 8th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 17% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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Several equities analysts recently issued reports on the stock. Roth Capital upgraded shares of The Hackett Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.00 to $20.00 in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of The Hackett Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. SunTrust Banks, Inc. restated a “buy” rating and set a $17.00 price objective on shares of The Hackett Group in a research report on Friday, November 10th. Finally, BidaskClub upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.33.

About The Hackett Group

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

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Institutional Ownership by Quarter for The Hackett Group (NASDAQ:HCKT)

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