Hsbc Holdings PLC Sells 14,705 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Isthmus Partners LLC lifted its holdings in The Hackett Group by 1.1% during the second quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,763 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of The Hackett Group during the 1st quarter valued at about $55,000. CWM LLC increased its stake in The Hackett Group by 78.4% during the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider’s stock worth $101,000 after purchasing an additional 2,051 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of The Hackett Group during the fourth quarter worth $110,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of The Hackett Group by 18.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider’s stock worth $183,000 after acquiring an additional 1,283 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Roth Capital lowered shares of The Hackett Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Barrington Research restated an “outperform” rating and issued a $28.00 price target on shares of The Hackett Group in a report on Wednesday, September 25th.

The Hackett Group Stock Performance

Shares of HCKT stock opened at $25.97 on Monday. The firm has a market cap of $717.14 million, a PE ratio of 20.61, a P/E/G ratio of 1.46 and a beta of 0.91. The Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $27.68. The company’s fifty day simple moving average is $25.84 and its 200-day simple moving average is $23.65. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

The Hackett Group (NASDAQ:HCKT) last posted 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 company had revenue of $75.90 million during the quarter, compared to the consensus estimate of $74.16 million. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. Equities research analysts expect that The Hackett Group, Inc. will post 1.28 EPS for the current fiscal year.

The Hackett Group Dividend Announcement

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