The Hackett Group, Inc. (HCKT) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 8.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,618,720 shares of the business services provider’s stock after buying an additional 131,226 shares during the period. Vanguard Group Inc. owned 5.55% of The Hackett Group worth $31,549,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hosking Partners LLP boosted its position in The Hackett Group by 8.4% in the first quarter. Hosking Partners LLP now owns 1,109,383 shares of the business services provider’s stock worth $21,622,000 after buying an additional 86,338 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of The Hackett Group by 23.7% in the first quarter. Acadian Asset Management LLC now owns 874,967 shares of the business services provider’s stock valued at $17,053,000 after buying an additional 167,388 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its position in shares of The Hackett Group by 15.1% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 715,425 shares of the business services provider’s stock valued at $13,944,000 after buying an additional 94,025 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of The Hackett Group by 7.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 682,609 shares of the business services provider’s stock valued at $13,304,000 after buying an additional 47,296 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of The Hackett Group by 17.2% in the first quarter. ClariVest Asset Management LLC now owns 463,315 shares of the business services provider’s stock valued at $9,029,000 after buying an additional 67,898 shares in the last quarter. 82.04% of the stock is owned by hedge funds and other institutional investors.

The Hackett Group, Inc. (NASDAQ:HCKT) traded down 0.37% during midday trading on Thursday, hitting $13.64. 8,386 shares of the stock traded hands. The Hackett Group, Inc. has a one year low of $13.24 and a one year high of $20.69. The company’s 50-day moving average is $15.62 and its 200-day moving average is $17.07. The company has a market cap of $393.77 million, a PE ratio of 18.16 and a beta of 0.78.

The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by $0.02. The company had revenue of $73.60 million for the quarter, compared to analyst estimates of $74.36 million. The Hackett Group had a return on equity of 27.74% and a net margin of 8.42%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Equities research analysts expect that The Hackett Group, Inc. will post $0.97 EPS for the current fiscal year.

The Hackett Group announced that its board has approved a stock repurchase program on Monday, May 15th that authorizes the company to buyback $5.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

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Several equities analysts have commented on the stock. Zacks Investment Research cut shares of The Hackett Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 15th. BidaskClub cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Craig Hallum cut 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 cut 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. Finally, SunTrust Banks, Inc. assumed coverage on shares of The Hackett Group in a research report on Thursday, June 15th. They issued a “buy” rating and a $19.00 price target for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The Hackett Group currently has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for The Hackett Group (NASDAQ:HCKT)

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