Cornerstone Capital Management Holdings LLC. decreased its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 27.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,974 shares of the business services provider’s stock after selling 24,079 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.22% of The Hackett Group worth $1,265,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can raised its position in The Hackett Group by 2.0% in the first quarter. Bank of Montreal Can now owns 16,613 shares of the business services provider’s stock worth $324,000 after buying an additional 330 shares in the last quarter. Teachers Advisors LLC raised its position in The Hackett Group by 104.0% in the fourth quarter. Teachers Advisors LLC now owns 113,996 shares of the business services provider’s stock worth $2,013,000 after buying an additional 58,108 shares in the last quarter. Putnam Investments LLC acquired a new position in The Hackett Group during the fourth quarter worth about $576,000. Numeric Investors LLC raised its position in The Hackett Group by 4.3% in the fourth quarter. Numeric Investors LLC now owns 304,039 shares of the business services provider’s stock worth $5,369,000 after buying an additional 12,624 shares in the last quarter. Finally, Fortaleza Asset Management Inc. acquired a new position in The Hackett Group during the fourth quarter worth about $134,000. 79.90% of the stock is owned by institutional investors.

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

Shares of The Hackett Group, Inc. (NASDAQ HCKT) opened at 15.47 on Friday. The firm has a market cap of $452.02 million, a PE ratio of 20.09 and a beta of 0.79. The Hackett Group, Inc. has a 52 week low of $13.06 and a 52 week high of $20.69. The stock’s 50 day moving average is $16.12 and its 200-day moving average is $17.66.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. The Hackett Group had a return on equity of 28.73% and a net margin of 8.60%. The company had revenue of $71.50 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts predict that The Hackett Group, Inc. will post $0.99 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, June 28th. This represents a yield of 1.94%. This is a boost from The Hackett Group’s previous semiannual dividend of $0.13. The Hackett Group’s payout ratio is currently 33.77%.

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A number of research firms have issued reports on HCKT. Craig Hallum lowered shares of The Hackett Group from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research report on Wednesday, May 10th. Roth Capital lowered shares of The Hackett Group from a “buy” rating to a “neutral” rating and set a $20.00 price target for the company. in a research report on Wednesday, May 10th. Zacks Investment Research raised shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Friday, February 24th. Griffin Securities reissued a “buy” rating on shares of The Hackett Group in a research report on Friday, March 10th. Finally, SunTrust Banks, Inc. began coverage on shares of The Hackett Group in a research report on Thursday. They set a “buy” rating and a $19.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.00.

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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