New York Life Investment Management LLC Has $454,000 Holdings in The Hackett Group, Inc. (NASDAQ:HCKT)

New York Life Investment Management LLC decreased its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKTFree Report) by 13.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 19,236 shares of the business services provider’s stock after selling 3,066 shares during the period. New York Life Investment Management LLC’s holdings in The Hackett Group were worth $454,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HCKT. Thrivent Financial for Lutherans acquired a new position in The Hackett Group during the 2nd quarter worth $15,188,000. Norges Bank bought a new position in The Hackett Group in the 4th quarter worth approximately $5,555,000. Morgan Stanley lifted its holdings in shares of The Hackett Group by 66.3% during the fourth quarter. Morgan Stanley now owns 575,949 shares of the business services provider’s stock worth $11,732,000 after buying an additional 229,653 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of The Hackett Group by 227.8% in the fourth quarter. Two Sigma Investments LP now owns 269,860 shares of the business services provider’s stock valued at $5,497,000 after acquiring an additional 187,530 shares during the period. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of The Hackett Group in the second quarter worth $3,830,000. 81.69% of the stock is owned by institutional investors.

The Hackett Group Price Performance

Shares of HCKT stock opened at $23.36 on Friday. The company has a market capitalization of $636.33 million, a P/E ratio of 18.39, a P/E/G ratio of 1.19 and a beta of 0.82. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.54. The Hackett Group, Inc. has a 12 month low of $17.10 and a 12 month high of $24.82. The stock has a 50 day moving average of $22.78 and a two-hundred day moving average of $23.02.

The Hackett Group (NASDAQ:HCKTGet Free Report) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $74.63 million during the quarter, compared to analysts’ expectations of $73.55 million. The Hackett Group had a return on equity of 50.06% and a net margin of 12.24%. As a group, equities analysts expect that The Hackett Group, Inc. will post 1.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of The Hackett Group from a “strong-buy” rating to a “buy” rating in a research report on Friday.

Read Our Latest Stock Analysis on HCKT

The Hackett Group Profile

(Free Report)

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions. It offers Hackett Connect, an online searchable repository; best practice accelerators that provide web-based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry for access to fact-based advice on proven approaches and methods; best practice research that provides insights into the proven approaches; and peer interaction comprising member-led webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content, as well as intellectual property as-a-service and Hackett Institute programs.

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

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