Man Group plc Sells 8,500 Shares of The Hackett Group, Inc. (HCKT)

Man Group plc trimmed its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 6.0% during the 3rd quarter, Holdings Channel reports. The firm owned 132,643 shares of the business services provider’s stock after selling 8,500 shares during the period. Man Group plc’s holdings in The Hackett Group were worth $2,673,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. First Trust Advisors LP lifted its position in shares of The Hackett Group by 21.1% during the 2nd quarter. First Trust Advisors LP now owns 30,329 shares of the business services provider’s stock worth $487,000 after buying an additional 5,281 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of The Hackett Group by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 296,053 shares of the business services provider’s stock worth $4,757,000 after buying an additional 4,344 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of The Hackett Group by 23.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 293,300 shares of the business services provider’s stock worth $4,713,000 after buying an additional 56,500 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of The Hackett Group by 8.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 52,800 shares of the business services provider’s stock worth $849,000 after buying an additional 4,000 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of The Hackett Group by 3.8% during the 2nd quarter. BlackRock Inc. now owns 2,333,618 shares of the business services provider’s stock worth $37,500,000 after buying an additional 85,858 shares during the last quarter. 79.76% of the stock is currently owned by institutional investors.

The Hackett Group stock opened at $16.46 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $477.31 million, a price-to-earnings ratio of 21.66, a PEG ratio of 1.13 and a beta of 0.98. The Hackett Group, Inc. has a 12 month low of $15.03 and a 12 month high of $22.84.

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

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

Several analysts recently weighed in on HCKT shares. Barrington Research set a $22.00 price objective on The Hackett Group and gave the stock a “buy” rating in a research report on Friday, October 5th. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. ValuEngine downgraded The Hackett Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Finally, BidaskClub upgraded The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $21.33.

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About The Hackett Group

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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