Charles Schwab Investment Management Inc. lifted its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,791 shares of the business services provider’s stock after acquiring an additional 3,370 shares during the period. Charles Schwab Investment Management Inc. owned 0.20% of The Hackett Group worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Trigran Investments Inc. lifted its stake in shares of The Hackett Group by 0.7% in the 1st quarter. Trigran Investments Inc. now owns 1,619,726 shares of the business services provider’s stock valued at $25,591,000 after purchasing an additional 11,873 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of The Hackett Group by 19.3% in the 2nd quarter. Wells Fargo & Company MN now owns 270,416 shares of the business services provider’s stock valued at $4,540,000 after buying an additional 43,748 shares during the period. Mckinley Capital Management LLC Delaware purchased a new stake in shares of The Hackett Group in the 2nd quarter valued at $1,469,000. Aperio Group LLC purchased a new stake in shares of The Hackett Group in the 2nd quarter valued at $173,000. Finally, Atria Investments LLC purchased a new stake in shares of The Hackett Group in the 2nd quarter valued at $1,069,000. 78.85% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on HCKT. BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a report on Tuesday. Barrington Research restated a “buy” rating and set a $22.00 price target on shares of The Hackett Group in a report on Friday, June 14th. Finally, Zacks Investment Research upgraded The Hackett Group from a “sell” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.00.
NASDAQ HCKT traded up $0.42 during trading hours on Friday, hitting $16.33. 96,600 shares of the company were exchanged, compared to its average volume of 105,146. The Hackett Group, Inc. has a 52-week low of $15.16 and a 52-week high of $22.84. The firm has a market cap of $487.61 million, a price-to-earnings ratio of 15.41, a PEG ratio of 1.25 and a beta of 0.81. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $16.43 and a two-hundred day moving average of $16.28.
The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $73.50 million for the quarter, compared to the consensus estimate of $70.67 million. The Hackett Group had a return on equity of 21.63% and a net margin of 6.80%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. On average, equities research analysts predict that The Hackett Group, Inc. will post 0.87 EPS for the current year.
About The Hackett Group
The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.
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