Cubist Systematic Strategies LLC Reduces Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Cubist Systematic Strategies LLC lessened its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,130 shares of the business services provider’s stock after selling 8,732 shares during the period. Cubist Systematic Strategies LLC owned 0.08% of The Hackett Group worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HCKT. Values First Advisors Inc. purchased a new position in The Hackett Group during the second quarter worth about $1,799,000. Aristides Capital LLC lifted its holdings in The Hackett Group by 111.8% in the first quarter. Aristides Capital LLC now owns 144,869 shares of the business services provider’s stock valued at $3,520,000 after acquiring an additional 76,472 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in The Hackett Group by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 100,527 shares of the business services provider’s stock worth $2,183,000 after acquiring an additional 73,605 shares during the period. Vanguard Group Inc. increased its stake in The Hackett Group by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,995,053 shares of the business services provider’s stock worth $48,480,000 after acquiring an additional 61,635 shares during the last quarter. Finally, Earnest Partners LLC raised its position in The Hackett Group by 13.1% in the first quarter. Earnest Partners LLC now owns 488,606 shares of the business services provider’s stock valued at $11,873,000 after purchasing an additional 56,635 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

Wall Street Analyst Weigh In

HCKT has been the subject of a number of recent analyst reports. Roth Capital downgraded The Hackett Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Barrington Research reissued an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a research note on Wednesday, September 25th.

The Hackett Group Trading Up 0.8 %

Shares of NASDAQ HCKT opened at $25.62 on Friday. The stock has a fifty day simple moving average of $25.93 and a 200-day simple moving average of $23.72. The Hackett Group, Inc. has a twelve month low of $20.23 and a twelve month high of $27.68. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $707.47 million, a PE ratio of 20.33, a PEG ratio of 1.46 and a beta of 0.91.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. The company had revenue of $75.90 million for the quarter, compared to analyst estimates of $74.16 million. On average, equities analysts forecast that The Hackett Group, Inc. will post 1.28 earnings per share for the current year.

The Hackett Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.44 annualized dividend and a yield of 1.72%. The Hackett Group’s dividend payout ratio is presently 34.92%.

The Hackett Group Profile

The Hackett Group, Inc operates as an intellectual property-based executive advisory, strategic consulting, and digital transformation company in the United States, Europe, and internationally. The company operates through three segments: Global Strategy & Business Transformation, Oracle Solutions, and SAP Solutions.