Rhumbline Advisers Sells 40,543 Shares of The Hackett Group, Inc. (NASDAQ:HCKT)

Rhumbline Advisers lowered its holdings in The Hackett Group, Inc. (NASDAQ:HCKT) by 18.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,108 shares of the business services provider’s stock after selling 40,543 shares during the quarter. Rhumbline Advisers’ holdings in The Hackett Group were worth $2,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Eqis Capital Management Inc. increased its stake in The Hackett Group by 9.3% in the second quarter. Eqis Capital Management Inc. now owns 13,356 shares of the business services provider’s stock valued at $224,000 after acquiring an additional 1,139 shares during the period. Bank of Montreal Can grew its stake in The Hackett Group by 28.5% during the second quarter. Bank of Montreal Can now owns 6,455 shares of the business services provider’s stock worth $109,000 after buying an additional 1,430 shares during the last quarter. Quantamental Technologies LLC bought a new stake in The Hackett Group during the second quarter worth about $30,000. First Trust Advisors LP grew its stake in The Hackett Group by 3.3% during the first quarter. First Trust Advisors LP now owns 57,964 shares of the business services provider’s stock worth $916,000 after buying an additional 1,848 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its stake in The Hackett Group by 284.2% during the third quarter. Meeder Asset Management Inc. now owns 2,974 shares of the business services provider’s stock worth $48,000 after buying an additional 2,200 shares during the last quarter. 79.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of HCKT traded up $0.07 during mid-day trading on Tuesday, hitting $15.37. 3,542 shares of the company traded hands, compared to its average volume of 74,690. The Hackett Group, Inc. has a one year low of $14.53 and a one year high of $19.57. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $16.45 and a 200 day moving average of $16.39. The stock has a market capitalization of $457.42 million, a price-to-earnings ratio of 14.50, a PEG ratio of 1.33 and a beta of 0.77.

The Hackett Group (NASDAQ:HCKT) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The Hackett Group had a net margin of 7.45% and a return on equity of 21.32%. The company had revenue of $72.64 million for the quarter, compared to the consensus estimate of $73.16 million. During the same period last year, the company earned $0.27 earnings per share. The Hackett Group’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that The Hackett Group, Inc. will post 0.85 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.18 per share. This is a boost from The Hackett Group’s previous Semi-Annual dividend of $0.17. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, December 19th. The Hackett Group’s dividend payout ratio is 33.96%.

Several analysts have weighed in on the stock. BidaskClub raised shares of The Hackett Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Zacks Investment Research cut shares of The Hackett Group from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Barrington Research decreased their price target on shares of The Hackett Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.00.

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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