Harbor Capital Advisors Inc. Boosts Stock Position in The Hackett Group, Inc. (NASDAQ:HCKT)

Harbor Capital Advisors Inc. lifted its position in The Hackett Group, Inc. (NASDAQ:HCKT - Free Report) by 150.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 251,489 shares of the business services provider's stock after buying an additional 150,962 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.91% of The Hackett Group worth $6,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its stake in The Hackett Group by 8.4% during the 3rd quarter. CWM LLC now owns 5,061 shares of the business services provider's stock worth $133,000 after purchasing an additional 394 shares in the last quarter. Rhumbline Advisers grew its stake in 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 purchasing an additional 608 shares in the last quarter. Mackenzie Financial Corp grew its stake in The Hackett Group by 5.2% during the 2nd quarter. Mackenzie Financial Corp now owns 15,034 shares of the business services provider's stock worth $327,000 after purchasing an additional 748 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in The Hackett Group by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,262 shares of the business services provider's stock worth $223,000 after purchasing an additional 851 shares in the last quarter. Finally, Sei Investments Co. grew its stake in The Hackett Group by 1.7% during the 2nd quarter. Sei Investments Co. now owns 56,083 shares of the business services provider's stock worth $1,218,000 after purchasing an additional 941 shares in the last quarter. Hedge funds and other institutional investors own 78.12% of the company's stock.

Wall Street Analyst Weigh In

HCKT has been the subject of several analyst reports. Roth Capital cut The Hackett Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Barrington Research reissued an "outperform" rating and set a $28.00 target price on shares of The Hackett Group in a research note on Wednesday.

The Hackett Group Stock Down 0.4 %

Shares of NASDAQ:HCKT traded down $0.10 on Friday, hitting $24.22. 89,174 shares of the company's stock were exchanged, compared to its average volume of 74,620. The firm's 50-day moving average is $25.66 and its 200 day moving average is $23.95. The company has a market capitalization of $669.68 million, a PE ratio of 19.38, a P/E/G ratio of 1.36 and a beta of 0.91. The Hackett Group, Inc. has a 1-year low of $20.23 and a 1-year high of $27.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.71 and a current ratio of 1.71.

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

The Hackett Group Company 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.