The Hackett Group Inc. (NASDAQ:HCKT) shares saw an uptick in trading volume on Friday . 158,443 shares changed hands during trading, an increase of 12% from the previous session’s volume of 141,328 shares.The stock last traded at $16.34 and had previously closed at $16.31.

Separately, Zacks Investment Research cut The Hackett Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th.

The stock has a market cap of $464.62 million, a price-to-earnings ratio of 31.90 and a beta of 0.92. The company has a 50 day moving average of $15.17 and a 200 day moving average of $14.60.

The Hackett Group (NASDAQ:HCKT) last issued its 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 firm earned $75.61 million during the quarter, compared to analysts’ expectations of $72.08 million. The Hackett Group had a net margin of 6.09% and a return on equity of 20.00%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. On average, equities research analysts expect that The Hackett Group Inc. will post $0.90 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the company. BlackRock Group LTD acquired a new stake in shares of The Hackett Group during the first quarter worth $108,000. Acrospire Investment Management LLC boosted its stake in shares of The Hackett Group by 71.0% in the second quarter. Acrospire Investment Management LLC now owns 8,672 shares of the company’s stock worth $120,000 after buying an additional 3,600 shares during the last quarter. Walleye Trading LLC raised 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 worth $141,000 after buying an additional 6,000 shares in the last quarter. BlackRock Inc. raised 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 worth $164,000 after buying an additional 10,192 shares in the last quarter. Finally, Navellier & Associates Inc raised its position in The Hackett Group by 10.0% in the second quarter. Navellier & Associates Inc now owns 12,130 shares of the company’s stock worth $168,000 after buying an additional 1,099 shares in the last quarter. Hedge funds and other institutional investors own 76.02% of the company’s stock.

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.

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