Two Sigma Investments LP lifted its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 96.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,726 shares of the business services provider’s stock after buying an additional 12,145 shares during the period. Two Sigma Investments LP’s holdings in The Hackett Group were worth $388,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Capital Management Holdings LLC. boosted its position in shares of The Hackett Group by 104.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 6,700 shares of the business services provider’s stock worth $101,000 after buying an additional 3,426 shares during the period. Dimensional Fund Advisors LP lifted its position in The Hackett Group by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,712,185 shares of the business services provider’s stock worth $26,008,000 after purchasing an additional 4,823 shares during the period. Cornercap Investment Counsel Inc. lifted its position in The Hackett Group by 22.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 36,300 shares of the business services provider’s stock worth $570,000 after purchasing an additional 6,590 shares during the period. Wells Fargo & Company MN lifted its position in The Hackett Group by 1.8% in the fourth quarter. Wells Fargo & Company MN now owns 492,184 shares of the business services provider’s stock worth $7,734,000 after purchasing an additional 8,770 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in The Hackett Group in the fourth quarter worth approximately $185,000. Institutional investors and hedge funds own 77.27% of the company’s stock.
A number of equities research analysts have weighed in on HCKT shares. Zacks Investment Research upgraded The Hackett Group from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. SunTrust Banks restated a “buy” rating on shares of The Hackett Group in a research report on Friday, February 23rd. BidaskClub downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. Finally, Barrington Research set a $22.00 target price on The Hackett Group and gave the stock a “buy” rating in a research report on Friday, April 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.25.
HCKT opened at $16.31 on Tuesday. The company has a market capitalization of $471.43, a price-to-earnings ratio of 21.49, a PEG ratio of 1.16 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.46 and a quick ratio of 1.46. The Hackett Group, Inc. has a 1-year low of $13.24 and a 1-year high of $20.35.
The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm 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 24.81% and a net margin of 9.57%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. analysts predict that The Hackett Group, Inc. will post 0.93 EPS for the current fiscal year.
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The Hackett Group Company Profile
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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