Granite Investment Partners LLC raised its stake in The Hackett Group Inc. (NASDAQ:HCKT) by 6.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,517 shares of the company’s stock after buying an additional 6,895 shares during the period. Granite Investment Partners LLC’s holdings in The Hackett Group were worth $1,792,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HCKT. Great West Life Assurance Co. Can acquired a new position in The Hackett Group during the third quarter valued at about $106,000. Acrospire Investment Management LLC boosted its position in The Hackett Group by 71.0% in the second quarter. Acrospire Investment Management LLC now owns 8,672 shares of the company’s stock valued at $120,000 after buying an additional 3,600 shares during the last quarter. Walleye Trading LLC boosted its position in The Hackett Group by 142.9% in the second quarter. Walleye Trading LLC now owns 10,200 shares of the company’s stock valued at $141,000 after buying an additional 6,000 shares during the last quarter. BlackRock Group LTD boosted its position in The Hackett Group by 44.1% in the second quarter. BlackRock Group LTD now owns 10,304 shares of the company’s stock valued at $143,000 after buying an additional 3,151 shares during the last quarter. Finally, BlackRock Inc. boosted its position in The Hackett Group by 623.7% in the second quarter. BlackRock Inc. now owns 11,826 shares of the company’s stock valued at $164,000 after buying an additional 10,192 shares during the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.
Shares of The Hackett Group Inc. (NASDAQ:HCKT) traded down 0.34% on Monday, hitting $17.68. The stock had a trading volume of 23,276 shares. The Hackett Group Inc. has a 12-month low of $12.44 and a 12-month high of $20.02. The company’s 50-day moving average price is $16.45 and its 200 day moving average price is $15.37. The firm has a market cap of $504.82 million, a P/E ratio of 30.64 and a beta of 1.01.
The Hackett Group (NASDAQ:HCKT) last issued its earnings results on Monday, November 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company earned $74.12 million during the quarter, compared to analyst estimates of $73.10 million. The Hackett Group had a return on equity of 23.77% and a net margin of 6.80%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. On average, equities research analysts forecast that The Hackett Group Inc. will post $0.92 earnings per share for the current fiscal year.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 22nd will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, December 20th. This represents a yield of 1.63%. The Hackett Group’s dividend payout ratio is currently 44.07%.
Several research firms have issued reports on HCKT. Zacks Investment Research upgraded The Hackett Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, November 10th. Barrington Research began coverage on The Hackett Group in a research report on Monday, October 17th. They issued an “outperform” rating and a $20.00 price target for the company.
About The Hackett Group
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.