The Hackett Group, Inc. (NASDAQ:HCKT) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 29.2% in the second quarter, HoldingsChannel.com reports. The firm owned 21,130 shares of the business services provider’s stock after selling 8,732 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in The Hackett Group were worth $459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its holdings in shares of The Hackett Group by 273.4% in the second 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. Values First Advisors Inc. purchased a new position in shares of The Hackett Group during the second quarter worth about $1,799,000. BOKF NA purchased a new stake in The Hackett Group during the 1st quarter valued at approximately $305,000. Greenwood Capital Associates LLC lifted its position in The Hackett Group by 12.5% during the 1st quarter. Greenwood Capital Associates LLC now owns 19,905 shares of the business services provider’s stock worth $484,000 after acquiring an additional 2,206 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of The Hackett Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock valued at $48,480,000 after purchasing an additional 61,635 shares during the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HCKT has been the subject of several recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $28.00 price target on shares of The Hackett Group in a report on Wednesday, September 25th. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

The Hackett Group Trading Up 0.8 %

NASDAQ:HCKT opened at $25.62 on Friday. The Hackett Group, Inc. has a 1 year low of $20.23 and a 1 year 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 stock has a fifty day moving average price of $25.93 and a two-hundred day moving average price of $23.72. The stock has a market capitalization of $707.47 million, a price-to-earnings ratio of 20.33, a PEG ratio of 1.46 and a beta of 0.91.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $75.90 million for the quarter, compared to analysts’ expectations 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, sell-side analysts anticipate that The Hackett Group, Inc. will post 1.28 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, September 20th. The Hackett Group’s dividend payout ratio (DPR) is presently 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.