Earnest Partners LLC Sells 83,234 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Earnest Partners LLC lowered its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 17.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 405,372 shares of the business services provider’s stock after selling 83,234 shares during the period. Earnest Partners LLC owned about 1.47% of The Hackett Group worth $8,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Values First Advisors Inc. bought a new stake in shares of The Hackett Group during the second quarter worth about $1,799,000. Aristides Capital LLC grew its holdings in The Hackett Group by 111.8% during the 1st quarter. Aristides Capital LLC now owns 144,869 shares of the business services provider’s stock worth $3,520,000 after acquiring an additional 76,472 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in The Hackett Group by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 100,527 shares of the business services provider’s stock valued at $2,183,000 after acquiring an additional 73,605 shares during the period. Vanguard Group Inc. raised its stake in shares of The Hackett Group by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after acquiring an additional 61,635 shares during the last quarter. Finally, Isthmus Partners LLC lifted its holdings in shares of The Hackett Group by 38.6% during the first quarter. Isthmus Partners LLC now owns 162,432 shares of the business services provider’s stock worth $3,947,000 after purchasing an additional 45,201 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

Wall Street Analyst Weigh In

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

The Hackett Group Stock Up 1.3 %

Shares of NASDAQ HCKT opened at $26.07 on Friday. The Hackett Group, Inc. has a 52-week low of $20.23 and a 52-week high of $27.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The company’s 50 day moving average price is $25.76 and its 200-day moving average price is $23.64. The company has a market capitalization of $719.90 million, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.46 and a beta of 0.91.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. The business had revenue of $75.90 million for the quarter, compared to analyst estimates of $74.16 million. Equities analysts forecast that The Hackett Group, Inc. will post 1.28 earnings per share for the current year.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, September 20th. The Hackett Group’s dividend payout ratio (DPR) 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.