Isthmus Partners LLC Buys 2,082 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Isthmus Partners LLC raised its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,582 shares of the business services provider’s stock after acquiring an additional 2,082 shares during the quarter. Isthmus Partners LLC owned about 0.29% of The Hackett Group worth $1,560,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of The Hackett Group by 435.2% during the first quarter. Victory Capital Management Inc. now owns 295,975 shares of the business services provider’s stock worth $4,851,000 after purchasing an additional 240,678 shares in the last quarter. Trigran Investments Inc. boosted its position in shares of The Hackett Group by 7.2% during the first quarter. Trigran Investments Inc. now owns 2,634,083 shares of the business services provider’s stock worth $43,172,000 after purchasing an additional 177,870 shares in the last quarter. Seizert Capital Partners LLC boosted its position in shares of The Hackett Group by 124.0% during the second quarter. Seizert Capital Partners LLC now owns 192,938 shares of the business services provider’s stock worth $3,477,000 after purchasing an additional 106,815 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of The Hackett Group by 71.7% during the first quarter. Franklin Resources Inc. now owns 154,282 shares of the business services provider’s stock worth $2,529,000 after purchasing an additional 64,417 shares in the last quarter. Finally, Walthausen & Co. LLC boosted its position in shares of The Hackett Group by 35.0% during the first quarter. Walthausen & Co. LLC now owns 182,242 shares of the business services provider’s stock worth $2,987,000 after purchasing an additional 47,230 shares in the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HCKT traded down $0.01 during midday trading on Wednesday, reaching $19.51. The stock had a trading volume of 133 shares, compared to its average volume of 130,556. The firm has a market cap of $581.65 million, a PE ratio of 30.98, a P/E/G ratio of 1.33 and a beta of 0.73. The firm has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $17.76. The Hackett Group, Inc. has a one year low of $11.05 and a one year high of $20.68.

The Hackett Group (NASDAQ:HCKT) last announced its earnings results on Tuesday, August 10th. The business services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.24 by $0.15. The business had revenue of $73.00 million during the quarter, compared to the consensus estimate of $65.49 million. The Hackett Group had a net margin of 8.18% and a return on equity of 17.44%. As a group, analysts anticipate that The Hackett Group, Inc. will post 1.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Shareholders of record on Friday, September 24th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, September 23rd. The Hackett Group’s dividend payout ratio is currently 95.24%.

A number of brokerages recently commented on HCKT. Roth Capital raised their price objective on shares of The Hackett Group from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 12th. Zacks Investment Research upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, August 17th.

About The Hackett Group

The Hackett Group, Inc engages in the provision of business and technology consulting services. The firm’s services include benchmarking, executive advisory, business transformation, enterprise performance management, training and advisory to global business services. It also produces digital transformation including robotic process automation and enterprise cloud application implementation.

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

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