Earnest Partners LLC Has $12.59 Million Holdings in The Hackett Group, Inc. $HCKT

Earnest Partners LLC decreased its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,983 shares of the business services provider’s stock after selling 27,522 shares during the quarter. Earnest Partners LLC owned approximately 1.56% of The Hackett Group worth $12,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Aristides Capital LLC boosted its stake in shares of The Hackett Group by 4.8% during the first quarter. Aristides Capital LLC now owns 165,459 shares of the business services provider’s stock valued at $4,835,000 after purchasing an additional 7,600 shares in the last quarter. AlphaQuest LLC raised its stake in shares of The Hackett Group by 60.5% during the first quarter. AlphaQuest LLC now owns 4,804 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 1,810 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of The Hackett Group by 2.3% during the first quarter. Hsbc Holdings PLC now owns 39,164 shares of the business services provider’s stock worth $1,144,000 after purchasing an additional 869 shares during the period. Pinnacle Wealth Management LLC acquired a new position in shares of The Hackett Group during the first quarter worth $758,000. Finally, Wellington Management Group LLP grew its stake in shares of The Hackett Group by 0.7% in the first quarter. Wellington Management Group LLP now owns 395,917 shares of the business services provider’s stock worth $11,569,000 after purchasing an additional 2,626 shares during the last quarter. Institutional investors and hedge funds own 78.12% of the company’s stock.

The Hackett Group Trading Down 1.2%

NASDAQ:HCKT opened at $20.67 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $568.65 million, a price-to-earnings ratio of 34.45, a PEG ratio of 1.44 and a beta of 0.96. The firm has a fifty day simple moving average of $23.09 and a two-hundred day simple moving average of $25.76. The Hackett Group, Inc. has a 12 month low of $19.39 and a 12 month high of $34.02.

The Hackett Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, September 19th. The Hackett Group’s payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HCKT. Wall Street Zen cut shares of The Hackett Group from a “buy” rating to a “hold” rating in a research report on Monday, July 21st. Barrington Research lowered their price objective on The Hackett Group from $32.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, The Hackett Group has a consensus rating of “Buy” and a consensus target price of $29.67.

About The Hackett Group

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.