Hsbc Holdings PLC Has $698,000 Stake in The Hackett Group, Inc. (NASDAQ:HCKT)

Hsbc Holdings PLC lowered its holdings in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 31.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,296 shares of the business services provider’s stock after selling 14,705 shares during the period. Hsbc Holdings PLC owned about 0.12% of The Hackett Group worth $698,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have issued reports on HCKT. Barrington Research reissued an “outperform” rating and set a $28.00 price objective on shares of The Hackett Group in a report on Wednesday, September 25th. Roth Capital downgraded shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th.

The Hackett Group Price Performance

The Hackett Group stock opened at $25.97 on Monday. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $27.68. The firm has a market cap of $717.14 million, a P/E ratio of 20.61, a P/E/G ratio of 1.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71. The business’s fifty day moving average is $25.84 and its two-hundred day moving average is $23.65.

The Hackett Group (NASDAQ:HCKT) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $0.31 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 firm had revenue of $75.90 million for the quarter, compared to analyst estimates of $74.16 million. Equities research analysts forecast that The Hackett Group, Inc. will post 1.28 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Friday, September 20th. The Hackett Group’s dividend payout ratio (DPR) 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.