Isthmus Partners LLC Grows Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Isthmus Partners LLC lifted its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,195 shares of the business services provider’s stock after purchasing an additional 1,763 shares during the quarter. Isthmus Partners LLC owned 0.59% of The Hackett Group worth $36,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of The Hackett Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock worth $48,480,000 after buying an additional 61,635 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of The Hackett Group by 13.1% during the 1st quarter. Earnest Partners LLC now owns 488,606 shares of the business services provider’s stock worth $11,873,000 after acquiring an additional 56,635 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of The Hackett Group by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 337,382 shares of the business services provider’s stock worth $7,682,000 after purchasing an additional 4,839 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in The Hackett Group by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 256,795 shares of the business services provider’s stock worth $5,847,000 after purchasing an additional 2,299 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in The Hackett Group by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 244,516 shares of the business services provider’s stock valued at $5,311,000 after purchasing an additional 10,725 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

The Hackett Group Stock Down 1.8 %

Shares of HCKT stock traded down $0.47 on Friday, hitting $25.23. The stock had a trading volume of 68,292 shares, compared to its average volume of 102,302. The Hackett Group, Inc. has a one year low of $20.23 and a one year high of $27.68. The business has a 50 day moving average price of $24.78 and a 200 day moving average price of $23.53. The company has a market cap of $696.70 million, a PE ratio of 20.02, a P/E/G ratio of 1.48 and a beta of 0.91. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $75.90 million during the quarter, compared to analysts’ expectations of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. Research analysts anticipate that The Hackett Group, Inc. will post 1.28 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, September 20th. The Hackett Group’s dividend payout ratio (DPR) is currently 34.92%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Barrington Research increased their price target on The Hackett Group from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, August 8th.

The Hackett Group Company Profile

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.