United Services Automobile Association raised its position in The Hackett Group, Inc. (NASDAQ:HCKT) by 37.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 185,171 shares of the business services provider’s stock after purchasing an additional 50,200 shares during the period. United Services Automobile Association owned about 0.63% of The Hackett Group worth $2,976,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of The Hackett Group in the first quarter valued at $162,000. Mackay Shields LLC purchased a new stake in shares of The Hackett Group in the first quarter valued at $164,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of The Hackett Group in the first quarter valued at $177,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of The Hackett Group in the first quarter valued at $210,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of The Hackett Group in the first quarter valued at $253,000. 78.56% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on HCKT. BidaskClub upgraded The Hackett Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Barrington Research reiterated a “buy” rating and set a $22.00 target price on shares of The Hackett Group in a research report on Friday, August 17th. Zacks Investment Research downgraded The Hackett Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. ValuEngine upgraded The Hackett Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Finally, SunTrust Banks reiterated a “buy” rating and set a $23.00 target price on shares of The Hackett Group in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Hackett Group currently has a consensus rating of “Buy” and an average price target of $20.75.
NASDAQ HCKT opened at $20.00 on Thursday. The Hackett Group, Inc. has a twelve month low of $13.51 and a twelve month high of $20.59. The stock has a market cap of $603.08 million, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.11.
The Hackett Group (NASDAQ:HCKT) last released its earnings results on Tuesday, August 7th. The business services provider reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The Hackett Group had a return on equity of 23.41% and a net margin of 11.62%. The firm had revenue of $75.65 million for the quarter, compared to the consensus estimate of $75.04 million. equities analysts anticipate that The Hackett Group, Inc. will post 0.89 EPS for the current year.
The Hackett Group Company Profile
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.
Recommended Story: How Do You Calculate Return on Investment (ROI)?
Want to see what other hedge funds are holding HCKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hackett Group, Inc. (NASDAQ:HCKT).
Receive News & Ratings for The Hackett Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hackett Group and related companies with MarketBeat.com's FREE daily email newsletter.