Trigran Investments Inc. Decreases Stake in The Hackett Group, Inc. $HCKT

Trigran Investments Inc. cut its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 675,300 shares of the business services provider’s stock after selling 103,315 shares during the period. The Hackett Group makes up about 3.0% of Trigran Investments Inc.’s portfolio, making the stock its 14th biggest holding. Trigran Investments Inc.’s holdings in The Hackett Group were worth $17,166,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its holdings in shares of The Hackett Group by 30.6% in the second quarter. Allianz Asset Management GmbH now owns 76,000 shares of the business services provider’s stock valued at $1,932,000 after purchasing an additional 17,800 shares in the last quarter. Geode Capital Management LLC lifted its position in The Hackett Group by 2.4% during the second quarter. Geode Capital Management LLC now owns 765,243 shares of the business services provider’s stock valued at $19,455,000 after purchasing an additional 18,196 shares during the last quarter. Invesco Ltd. grew its stake in shares of The Hackett Group by 151.7% in the 1st quarter. Invesco Ltd. now owns 126,874 shares of the business services provider’s stock worth $3,707,000 after buying an additional 76,460 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of The Hackett Group by 50.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 216,781 shares of the business services provider’s stock worth $5,511,000 after buying an additional 72,761 shares during the last quarter. Finally, Boston Partners raised its position in shares of The Hackett Group by 1.8% during the 2nd quarter. Boston Partners now owns 533,948 shares of the business services provider’s stock valued at $13,305,000 after buying an additional 9,477 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Performance

The Hackett Group stock opened at $19.12 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $518.73 million, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. The Hackett Group, Inc. has a 1-year low of $17.52 and a 1-year high of $34.02. The company’s 50-day moving average is $18.64 and its 200 day moving average is $21.42.

The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, November 4th. The business services provider reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The Hackett Group had a return on equity of 23.20% and a net margin of 3.53%.The firm had revenue of $73.10 million for the quarter, compared to analysts’ expectations of $74.82 million. The Hackett Group has set its Q4 2025 guidance at 0.380-0.400 EPS. Research analysts forecast that The Hackett Group, Inc. will post 1.43 EPS for the current year.

The Hackett Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, December 23rd. The Hackett Group’s dividend payout ratio (DPR) is 126.32%.

Analyst Ratings Changes

Several research firms recently commented on HCKT. Weiss Ratings reiterated a “hold (c-)” rating on shares of The Hackett Group in a research report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $27.00 target price on shares of The Hackett Group in a report on Monday, October 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.00.

About The Hackett Group

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.