Sanctuary Advisors LLC Invests $455,000 in The Hackett Group, Inc. (NASDAQ:HCKT)

Sanctuary Advisors LLC bought a new position in shares of The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,719 shares of the business services provider's stock, valued at approximately $455,000. Sanctuary Advisors LLC owned about 0.08% of The Hackett Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Isthmus Partners LLC increased its position in 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 period. CWM LLC raised its stake in The Hackett Group by 78.4% in the 2nd quarter. CWM LLC now owns 4,667 shares of the business services provider's stock worth $101,000 after purchasing an additional 2,051 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in The Hackett Group by 18.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,419 shares of the business services provider's stock valued at $183,000 after purchasing an additional 1,283 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in The Hackett Group by 9.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider's stock valued at $223,000 after purchasing an additional 851 shares during the period. Finally, BOKF NA bought a new position in shares of The Hackett Group during the first quarter worth approximately $305,000. Institutional investors and hedge funds own 78.12% of the company's stock.

Wall Street Analysts Forecast Growth

HCKT has been the topic of a number of recent research reports. Roth Capital lowered The Hackett Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Barrington Research restated an "outperform" rating and issued a $28.00 price target on shares of The Hackett Group in a research report on Wednesday, September 25th.

The Hackett Group Price Performance

NASDAQ:HCKT traded up $0.06 during mid-day trading on Thursday, reaching $26.20. The stock had a trading volume of 63,764 shares, compared to its average volume of 101,959. The Hackett Group, Inc. has a 12 month low of $20.23 and a 12 month high of $27.68. The stock has a market capitalization of $723.49 million, a PE ratio of 20.75, a P/E/G ratio of 1.42 and a beta of 0.91. 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 stock has a 50-day simple moving average of $25.83 and a two-hundred day simple moving average of $23.79.

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

The Hackett Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, September 20th. The Hackett Group's dividend payout ratio (DPR) is presently 34.92%.

The Hackett Group Profile

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.