The Hackett Group, Inc. (NASDAQ:HCKT) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT – Get Rating) by 1,112.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,701 shares of the business services provider’s stock after buying an additional 10,736 shares during the quarter. Tower Research Capital LLC TRC’s holdings in The Hackett Group were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in shares of The Hackett Group by 13.7% in the third quarter. UBS Group AG now owns 16,465 shares of the business services provider’s stock valued at $291,000 after buying an additional 1,978 shares in the last quarter. Boston Partners lifted its holdings in The Hackett Group by 2.0% during the 3rd quarter. Boston Partners now owns 69,212 shares of the business services provider’s stock worth $1,226,000 after buying an additional 1,384 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of The Hackett Group in the 3rd quarter valued at about $2,522,000. Fisher Asset Management LLC lifted its holdings in shares of The Hackett Group by 33.0% in the 3rd quarter. Fisher Asset Management LLC now owns 88,201 shares of the business services provider’s stock valued at $1,563,000 after purchasing an additional 21,870 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of The Hackett Group in the 3rd quarter valued at about $660,000. Hedge funds and other institutional investors own 76.62% of the company’s stock.

The Hackett Group Price Performance

HCKT opened at $19.26 on Monday. The stock has a market cap of $610.54 million, a P/E ratio of 15.05, a P/E/G ratio of 1.05 and a beta of 0.87. The stock’s 50 day simple moving average is $21.06 and its 200 day simple moving average is $20.84. The Hackett Group, Inc. has a 1-year low of $17.60 and a 1-year high of $24.78.

The Hackett Group (NASDAQ:HCKT – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $70.12 million for the quarter, compared to analysts’ expectations of $67.05 million. The Hackett Group had a return on equity of 24.32% and a net margin of 13.89%. During the same quarter in the prior year, the firm posted $0.26 EPS. Research analysts expect that The Hackett Group, Inc. will post 1.36 EPS for the current fiscal year.

The Hackett Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 7th. Investors of record on Friday, March 24th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, March 23rd. The Hackett Group’s dividend payout ratio is currently 34.38%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HCKT. StockNews.com cut The Hackett Group from a “buy” rating to a “hold” rating in a research report on Friday. Barrington Research dropped their target price on The Hackett Group from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, February 23rd. Finally, Craig Hallum cut The Hackett Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $30.00 to $25.00 in a research report on Wednesday, February 22nd.

The Hackett Group Profile

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The Hackett Group, Inc engages in the provision of business and technology consulting services. The firm’s services include benchmarking, executive advisory, business transformation, enterprise performance management, training and advisory to global business services. It also produces digital transformation including robotic process automation and enterprise cloud application implementation.