Ariel Investments LLC Sells 105,441 Shares of The Hackett Group, Inc. $HCKT

Ariel Investments LLC reduced its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 16.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 523,231 shares of the business services provider’s stock after selling 105,441 shares during the quarter. Ariel Investments LLC owned 1.90% of The Hackett Group worth $13,301,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HCKT. Nuveen LLC bought a new position in shares of The Hackett Group during the first quarter valued at approximately $3,241,000. Invesco Ltd. boosted its holdings in The Hackett Group by 151.7% during the 1st quarter. Invesco Ltd. now owns 126,874 shares of the business services provider’s stock valued at $3,707,000 after acquiring an additional 76,460 shares during the period. Teacher Retirement System of Texas boosted its holdings in The Hackett Group by 50.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 216,781 shares of the business services provider’s stock valued at $5,511,000 after acquiring an additional 72,761 shares during the period. Jane Street Group LLC bought a new position in The Hackett Group in the 1st quarter valued at $1,379,000. Finally, Russell Investments Group Ltd. increased its stake in The Hackett Group by 21.8% in the first quarter. Russell Investments Group Ltd. now owns 249,033 shares of the business services provider’s stock worth $7,277,000 after purchasing an additional 44,493 shares during the period. Institutional investors own 78.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HCKT. Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of The Hackett Group in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of The Hackett Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Hackett Group currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

The Hackett Group Price Performance

HCKT opened at $19.66 on Wednesday. The company has a market capitalization of $533.38 million, a price-to-earnings ratio of 51.74, a PEG ratio of 1.37 and a beta of 1.04. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.43. The Hackett Group, Inc. has a 12-month low of $17.52 and a 12-month high of $34.02. The business’s fifty day simple moving average is $18.65 and its 200-day simple moving average is $21.25.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The Hackett Group had a net margin of 3.53% and a return on equity of 23.20%. The company had revenue of $73.10 million during the quarter, compared to analyst estimates of $74.82 million. The Hackett Group has set its Q4 2025 guidance at 0.380-0.400 EPS. On average, equities research analysts anticipate that The Hackett Group, Inc. will post 1.43 earnings per share for the current fiscal year.

The Hackett Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Tuesday, December 23rd will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The Hackett Group’s dividend payout ratio (DPR) is currently 126.32%.

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.