The Hackett Group, Inc. (HCKT) Shares Sold by Credit Suisse AG

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Credit Suisse AG cut its stake in The Hackett Group, Inc. (NASDAQ:HCKT) by 24.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,803 shares of the business services provider’s stock after selling 7,720 shares during the quarter. Credit Suisse AG owned 0.08% of The Hackett Group worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HCKT. FMR LLC lifted its holdings in shares of The Hackett Group by 175.8% in the third quarter. FMR LLC now owns 1,616,999 shares of the business services provider’s stock worth $32,583,000 after buying an additional 1,030,786 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of The Hackett Group by 1.9% in the third quarter. BlackRock Inc. now owns 2,378,270 shares of the business services provider’s stock worth $47,921,000 after buying an additional 44,652 shares in the last quarter. Martingale Asset Management L P lifted its holdings in shares of The Hackett Group by 3.9% in the third quarter. Martingale Asset Management L P now owns 108,120 shares of the business services provider’s stock worth $2,179,000 after buying an additional 4,084 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of The Hackett Group by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 300,367 shares of the business services provider’s stock worth $6,052,000 after buying an additional 4,314 shares in the last quarter. Finally, Granite Investment Partners LLC purchased a new position in shares of The Hackett Group in the third quarter worth $524,000. Hedge funds and other institutional investors own 79.76% of the company’s stock.

Several research firms have recently commented on HCKT. Zacks Investment Research downgraded shares of The Hackett Group from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Barrington Research set a $22.00 target price on shares of The Hackett Group and gave the stock a “buy” rating in a report on Tuesday, October 30th. BidaskClub raised shares of The Hackett Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. William Blair began coverage on shares of The Hackett Group in a report on Friday. They issued an “outperform” rating on the stock. Finally, ValuEngine downgraded shares of The Hackett Group from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The Hackett Group presently has an average rating of “Buy” and a consensus target price of $21.33.

Shares of HCKT opened at $17.65 on Monday. The Hackett Group, Inc. has a fifty-two week low of $15.03 and a fifty-two week high of $22.84. The firm has a market capitalization of $497.38 million, a P/E ratio of 23.22, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.09.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). The Hackett Group had a return on equity of 22.48% and a net margin of 11.48%. The business had revenue of $73.84 million during the quarter, compared to the consensus estimate of $73.70 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts anticipate that The Hackett Group, Inc. will post 0.87 EPS for the current year.

The firm also recently declared a semiannual dividend, which was paid on Friday, January 4th. Investors of record on Friday, December 21st were given a $0.17 dividend. This represents a yield of 1.7%. The ex-dividend date of this dividend was Thursday, December 20th. This is a boost from The Hackett Group’s previous semiannual dividend of $0.15. The Hackett Group’s payout ratio is currently 44.74%.

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The Hackett Group Company Profile

The Hackett Group, Inc operates as a strategic advisory and technology consulting firm primarily in North America and European countries. Its executive advisory programs include best practice intelligence center, an online searchable repository of best practices, performance metrics, conference presentations, and associated research; best practice accelerators that provide Web based access to best practices, customized software configuration tools, and best practice process flows; advisor inquiry, an inquiry service used by clients for access to fact-based advice on proven approaches and methods; best practice research, a research that provides insights into the proven approaches; and peer interaction comprising member-led Webcasts, annual best practice conferences, annual member forums, membership performance surveys, and client-submitted content.

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Institutional Ownership by Quarter for The Hackett Group (NASDAQ:HCKT)

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