The California Public Employees Retirement System invests in 4,900 by purchasing The Hackett Group Inc. (HCKT) shares

The California Public Employees Retirement System invests in 4,900 by purchasing The Hackett Group Inc. (HCKT) shares

California Public Employees Retirement System increased its position in The Hackett Group Inc. (NASDAQ:HCKT) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 103,800 shares of the company’s stock after buying an additional 4,900 shares during the period. California Public Employees Retirement System owned about 0.36% of The Hackett Group worth $1,440,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HCKT. Navellier & Associates Inc boosted its stake in The Hackett Group by 10.0% in the second quarter. Navellier & Associates Inc now owns 12,130 shares of the company’s stock valued at $168,000 after buying an additional 1,099 shares in the last quarter. Springbok Capital Management LLC boosted its stake in The Hackett Group by 626.7% in the first quarter. Springbok Capital Management LLC now owns 16,577 shares of the company’s stock valued at $251,000 after buying an additional 14,296 shares in the last quarter. Bank of Montreal Can acquired a new stake in The Hackett Group during the second quarter valued at approximately $258,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in The Hackett Group during the second quarter valued at approximately $325,000. Finally, Lucus Advisors LLC acquired a new stake in The Hackett Group during the second quarter valued at approximately $354,000. 75.69% of the stock is owned by institutional investors.

The Hackett Group Inc. (NASDAQ:HCKT) traded up 0.31% during mid-day trading on Wednesday, hitting $16.15. The stock had a trading volume of 70,138 shares. The stock has a market cap of $461.20 million, a price-to-earnings ratio of 31.67 and a beta of 0.96. The company has a 50-day moving average of $16.30 and a 200-day moving average of $15.00. The Hackett Group Inc. has a 12-month low of $12.44 and a 12-month high of $20.02.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The Hackett Group had a net margin of 6.09% and a return on equity of 20.00%. The business had revenue of $75.61 million for the quarter, compared to the consensus estimate of $72.08 million. During the same period in the prior year, the business posted $0.19 earnings per share. The Hackett Group’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts anticipate that The Hackett Group Inc. will post $0.90 earnings per share for the current fiscal year.

Separately, Zacks Investment Research cut The Hackett Group from a “buy” rating to a “hold” rating in a report on Tuesday.

The Hackett Group Company Profile

The Hackett Group, Inc is an advisory and technology consulting company. The Company’s services include business transformation, enterprise performance management, working capital management and global business services. The Company is engaged in providing business and technology consulting services.

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