Ativo Capital Management LLC Has $1,301,000 Holdings in The Hackett Group, Inc. (HCKT)
Ativo Capital Management LLC held its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,904 shares of the business services provider’s stock at the close of the 2nd quarter. Ativo Capital Management LLC owned 0.29% of The Hackett Group worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. purchased a new stake in shares of The Hackett Group during the 1st quarter valued at $125,000. SG Americas Securities LLC purchased a new stake in shares of The Hackett Group during the 2nd quarter valued at $116,000. Strs Ohio lifted its holdings in shares of The Hackett Group by 92.2% during the 1st quarter. Strs Ohio now owns 9,800 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 4,700 shares during the last quarter. TFS Capital LLC purchased a new stake in shares of The Hackett Group during the 1st quarter valued at $211,000. Finally, Trexquant Investment LP purchased a new stake in shares of The Hackett Group during the 1st quarter valued at $246,000. Hedge funds and other institutional investors own 81.51% of the company’s stock.
Several research firms recently issued reports on HCKT. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, SunTrust Banks, Inc. began coverage on The Hackett Group in a research report on Thursday, June 15th. They issued a “buy” rating and a $19.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.00.
The Hackett Group, Inc. (HCKT) opened at 14.70 on Thursday. The firm has a market capitalization of $424.37 million, a P/E ratio of 19.57 and a beta of 0.88. The company has a 50 day moving average price of $14.18 and a 200 day moving average price of $16.44. The Hackett Group, Inc. has a 52-week low of $13.24 and a 52-week high of $20.69.
The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The Hackett Group had a net margin of 8.42% and a return on equity of 27.74%. The company had revenue of $73.60 million during the quarter, compared to analysts’ expectations of $74.36 million. During the same period last year, the firm earned $0.24 earnings per share. The Hackett Group’s revenue was down 2.6% on a year-over-year basis. On average, equities analysts forecast that The Hackett Group, Inc. will post $0.97 EPS for the current fiscal year.
The Hackett Group announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 8th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the business services provider to purchase up to 17% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
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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