Ramsey Quantitative Systems acquired a new stake in The Hackett Group, Inc. (NASDAQ:HCKT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,784 shares of the business services provider’s stock, valued at approximately $185,000.
A number of other large investors have also made changes to their positions in HCKT. Trigran Investments Inc. grew its stake in The Hackett Group by 79.1% in the 3rd quarter. Trigran Investments Inc. now owns 1,148,490 shares of the business services provider’s stock valued at $17,446,000 after purchasing an additional 507,153 shares during the period. Wasatch Advisors Inc. grew its stake in The Hackett Group by 108.4% in the 4th quarter. Wasatch Advisors Inc. now owns 958,191 shares of the business services provider’s stock valued at $15,053,000 after purchasing an additional 498,305 shares during the period. LSV Asset Management grew its stake in The Hackett Group by 176.6% in the 4th quarter. LSV Asset Management now owns 660,308 shares of the business services provider’s stock valued at $10,373,000 after purchasing an additional 421,604 shares during the period. Boston Partners grew its stake in shares of The Hackett Group by 192.8% during the 3rd quarter. Boston Partners now owns 545,482 shares of the business services provider’s stock worth $8,286,000 after acquiring an additional 359,182 shares during the period. Finally, Opus Capital Group LLC grew its stake in shares of The Hackett Group by 1,497.7% during the 4th quarter. Opus Capital Group LLC now owns 191,263 shares of the business services provider’s stock worth $3,005,000 after acquiring an additional 179,292 shares during the period. Hedge funds and other institutional investors own 80.18% of the company’s stock.
The Hackett Group, Inc. (NASDAQ:HCKT) opened at $18.34 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market capitalization of $525.55, a price-to-earnings ratio of 24.45, a PEG ratio of 1.35 and a beta of 0.82. The Hackett Group, Inc. has a 12 month low of $13.24 and a 12 month high of $20.52.
The Hackett Group (NASDAQ:HCKT) last posted its quarterly earnings results on Tuesday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $69.40 million during the quarter, compared to the consensus estimate of $67.48 million. The Hackett Group had a return on equity of 25.59% and a net margin of 9.57%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. research analysts forecast that The Hackett Group, Inc. will post 0.93 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. SunTrust Banks reiterated a “buy” rating on shares of The Hackett Group in a research note on Friday. BidaskClub upgraded The Hackett Group from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Finally, Roth Capital upgraded The Hackett Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.00 to $20.00 in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.33.
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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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