Bank of New York Mellon Corp Has $5.31 Million Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

Bank of New York Mellon Corp grew its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,516 shares of the business services provider’s stock after purchasing an additional 10,725 shares during the period. Bank of New York Mellon Corp owned about 0.89% of The Hackett Group worth $5,311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of The Hackett Group by 2.6% during the 1st quarter. Sei Investments Co. now owns 55,142 shares of the business services provider’s stock worth $1,340,000 after purchasing an additional 1,411 shares in the last quarter. CWM LLC boosted its stake in The Hackett Group by 78.4% during the second 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in The Hackett Group by 7.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,595 shares of the business services provider’s stock worth $720,000 after buying an additional 2,175 shares in the last quarter. Greenwood Capital Associates LLC increased its holdings in The Hackett Group by 12.5% in the 1st quarter. Greenwood Capital Associates LLC now owns 19,905 shares of the business services provider’s stock valued at $484,000 after buying an additional 2,206 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in shares of The Hackett Group in the 1st quarter valued at $55,000. Institutional investors own 78.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Roth Capital cut shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Barrington Research upped their price objective on The Hackett Group from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th.

The Hackett Group Stock Down 0.0 %

Shares of NASDAQ:HCKT opened at $25.12 on Friday. The Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $27.68. The firm has a market cap of $693.66 million, a P/E ratio of 19.94, a P/E/G ratio of 1.41 and a beta of 0.91. 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 company’s 50-day moving average price is $25.07 and its two-hundred day moving average price is $23.56.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 return on equity of 38.20% and a net margin of 11.46%. As a group, research analysts forecast that The Hackett Group, Inc. will post 1.28 EPS for the current fiscal year.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, September 20th. The Hackett Group’s dividend payout ratio is 34.92%.

The Hackett Group Company 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.