AQR Capital Management LLC Has $1.74 Million Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

AQR Capital Management LLC trimmed its stake in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 25.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 80,239 shares of the business services provider's stock after selling 27,897 shares during the quarter. AQR Capital Management LLC owned about 0.29% of The Hackett Group worth $1,743,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HCKT. Rhumbline Advisers boosted its position in shares of The Hackett Group by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 38,946 shares of the business services provider's stock worth $846,000 after acquiring an additional 608 shares in the last quarter. Sei Investments Co. increased its stake in shares of The Hackett Group by 1.7% in the 2nd quarter. Sei Investments Co. now owns 56,083 shares of the business services provider's stock valued at $1,218,000 after purchasing an additional 941 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of The Hackett Group by 18.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider's stock worth $183,000 after buying an additional 1,283 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of The Hackett Group by 1.1% during the 2nd quarter. Isthmus Partners LLC now owns 164,195 shares of the business services provider's stock worth $36,000 after buying an additional 1,763 shares during the last quarter. Finally, CWM LLC boosted its stake in The Hackett Group by 78.4% in the second quarter. CWM LLC now owns 4,667 shares of the business services provider's stock valued at $101,000 after buying an additional 2,051 shares in the last quarter. 78.12% of the stock is currently owned by institutional investors and hedge funds.

The Hackett Group Trading Down 0.7 %

NASDAQ HCKT traded down $0.19 during trading hours on Thursday, reaching $25.32. The company's stock had a trading volume of 62,078 shares, compared to its average volume of 102,427. The firm has a fifty day simple moving average of $25.89 and a 200-day simple moving average of $23.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 1.71. The Hackett Group, Inc. has a 52 week low of $20.23 and a 52 week high of $27.68. The stock has a market cap of $699.19 million, a P/E ratio of 20.25, a P/E/G ratio of 1.46 and a beta of 0.91.

The Hackett Group (NASDAQ:HCKT - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The Hackett Group had a net margin of 11.46% and a return on equity of 38.20%. The firm had revenue of $75.90 million during the quarter, compared to the consensus estimate of $74.16 million. Equities analysts forecast that The Hackett Group, Inc. will post 1.28 earnings per share for the current fiscal year.

The Hackett Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $0.11 per share. The ex-dividend date was Friday, September 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.74%. The Hackett Group's dividend payout ratio (DPR) is 34.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Roth Capital downgraded shares of The Hackett Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Barrington Research reiterated an "outperform" rating and set a $28.00 price target on shares of The Hackett Group in a report on Wednesday, September 25th.

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.