Isthmus Partners LLC Purchases 2,082 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Isthmus Partners LLC lifted its position in shares of The Hackett Group, Inc. (NASDAQ:HCKT) by 2.5% during the second quarter, HoldingsChannel reports. The firm owned 86,582 shares of the business services provider’s stock after buying an additional 2,082 shares during the quarter. Isthmus Partners LLC’s holdings in The Hackett Group were worth $1,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Banco de Sabadell S.A bought a new position in shares of The Hackett Group during the first quarter worth $33,000. Citigroup Inc. raised its holdings in shares of The Hackett Group by 50.0% during the second quarter. Citigroup Inc. now owns 3,056 shares of the business services provider’s stock worth $55,000 after acquiring an additional 1,019 shares during the period. Diversified Trust Co acquired a new stake in shares of The Hackett Group during the first quarter worth $167,000. Connors Investor Services Inc. acquired a new stake in shares of The Hackett Group during the second quarter worth $254,000. Finally, Barclays PLC raised its holdings in shares of The Hackett Group by 37.6% during the first quarter. Barclays PLC now owns 20,911 shares of the business services provider’s stock worth $343,000 after acquiring an additional 5,710 shares during the period. 79.59% of the stock is currently owned by institutional investors.

HCKT has been the topic of several recent research reports. Zacks Investment Research upgraded shares of The Hackett Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, August 17th. Roth Capital lifted their price target on shares of The Hackett Group from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 12th.

HCKT stock traded down $0.01 during midday trading on Wednesday, hitting $19.51. The company’s stock had a trading volume of 133 shares, compared to its average volume of 130,556. The Hackett Group, Inc. has a twelve month low of $11.05 and a twelve month high of $20.68. The company’s fifty day moving average price is $18.66 and its 200 day moving average price is $17.76. The stock has a market capitalization of $581.65 million, a P/E ratio of 30.98, a PEG ratio of 1.33 and a beta of 0.73.

The Hackett Group (NASDAQ:HCKT) last announced its quarterly earnings data on Tuesday, August 10th. The business services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.15. The Hackett Group had a net margin of 8.18% and a return on equity of 17.44%. The company had revenue of $73.00 million during the quarter, compared to the consensus estimate of $65.49 million. As a group, equities research analysts forecast that The Hackett Group, Inc. will post 1.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 8th. Stockholders of record on Friday, September 24th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 23rd. The Hackett Group’s dividend payout ratio (DPR) is presently 95.24%.

The Hackett Group Profile

The Hackett Group, Inc engages in the provision of business and technology consulting services. The firm’s services include benchmarking, executive advisory, business transformation, enterprise performance management, training and advisory to global business services. It also produces digital transformation including robotic process automation and enterprise cloud application implementation.

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

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